Crypto is on fire again. After a deep slump earlier in the year, prices are jumping and new investors are piling in. In a stunning sign of the times, the initial public offering of Circle Internet Group surged some 170% on its first day of trading Thursday.

Gemini goes down the IPO route, amid rising crypto market optimism IPO filing a sign of growing Wall Street interest in digital assets In a notable shift within the stablecoin and crypto markets, Circle’s USDC followed Tether’s USDT in May,

Circle Internet is betting on wider use of its USDC digital currency, which is redeemable one-for-one with the U.S. dollar.