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

Crypto US stocks diverge as Circle surges 260%, Robinhood slips post-S&P 500 snub, and Strategy leads Bitcoin adoption.

Circle’s stock price soared alongside its IPO, capturing Wall Street’s growing embrace of digital dollars for years to come, analysts say.