Shares of Circle surged after its debut as a public company, but the crypto player may face headwinds if the Federal Reserve cuts interest rates further this year.

What exactly does Circle do, and why did it decide to move its headquarters from downtown Boston to lower Manhattan late last year? Here are six things to understand about the company, which manages a "stablecoin" called USDC.

The price surge followed a spectacular IPO debut the day before, when shares opened at $69, 124.19% above the IPO price of $31. Fueled by strong demand from institutional investor