171. INSANE Figma IPO, AI Collusion in Trading, and Could Stablecoins Lower Interest Rates?

Send us Fan Mail This week on The Skinny on Wall Street, Kristen and Jen are back in full swing with a jam-packed episode covering some of the biggest stories in markets and finance. They kick things off by diving deep into the highly anticipated Figma IPO, which just priced and shocked the market with an incredible first-day reaction. They break down why the IPO was such a blockbuster, how it compares to other historic tech listings, and what this means for the broader IPO market in 2025. From there, they unpack the newly passed Genius Act and its sweeping implications for the stablecoin market. They both explore why this legislation could have surprising effects on short-term interest rates and the broader bond market. Speaking of bonds, the episode also includes a sharp look at the latest Fed decisions, auction activity, and the fascinating dynamics playing out on the front end of the Treasury curve. To wrap things up, Kristen and Jen discuss a Wharton research paper that’s making headlines about AI trading algorithms colluding—and what that could mean for fairness and stability in financial markets. Plus, they share exciting updates on The Wall Street Skinny’s expanded presence on LinkedIn and YouTube, as well as the upcoming LinkedIn Live series on how to “AI-proof” your career. This episode is packed with insights you won’t want to miss! Shop our Self Paced Courses: Investment Banking & Private Equity Fundamentals HEREFixed Income Sales & Trading HERE Subscribe to our Substack: https://substack.com/@thewallstreetskinny