Circle Becomes Top Pick for South Korea’s Crypto-Hungry Traders

Circle Internet Group Inc. has emerged as the hottest overseas stock among South Korean investors this month, underscoring the growing retail appetite for crypto-linked bets as the country’s new administration ushers in policies to foster industry growth.

Circle, the issuer of the second largest stablecoin by market share USDC, has rallied more than sixfold since its June 5 public debut, underscoring a global frenzy.