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

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

Cameron and Tyler Winklevoss, who founded Gemini in 2014, were among the most vocal critics of the regulatory clampdown on digital assets companies. Both became active supporters of Trump, contributing to his campaign and to a political action committee funded by the industry to support pro-crypto politicians in Washington.