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The  Billion Company That Does Almost Nothing

The $50 Billion Company That Does Almost Nothing

Something strange is happening on Wall Street. It isn’t Elon Musk, AI, or a late-night post from Donald Trump. It’s a crypto company called Circle Internet Group, and it’s making the market feel like the glory days of the dot-com bubble are back.

Circle went public on June 5. In just eleven trading sessions, its stock exploded by an almost unprecedented 675%, adding over $42 billion to its market cap. The company now trades at a valuation that puts it in the same league as tech unicorns and AI moonshots, commanding a price that has investors paying, in essence, $295 for every $1 of its earnings.

There’s just one problem. Circle doesn’t have revolutionary AI. It doesn’t build sleek consumer gadgets. Its business model is shockingly simple.

Here’s how it works: You give Circle a dollar. They give you a digital token, called USDC, worth that same dollar. They then take your actual dollar, invest it in something safe like short-term U.S. Treasury bonds, and collect the interest.

You get the token. They get the profit. That’s it. That’s the entire business.

This has led critics to label Circle as little more than a glorified “money wrapper.” So why is Wall Street treating it like the next Tesla?

The answer is one word: stablecoin.

USDC is a stablecoin, a digital token pegged to a stable asset, in this case, the U.S. dollar. The idea is that for every USDC token, there’s a real dollar sitting in a reserve account. This makes it incredibly useful for crypto traders who need the speed of digital assets without the wild volatility of Bitcoin.

And now, the bulls are betting that stablecoins are about to go mainstream. The Senate just passed the “Genius Act,” landmark legislation that paves the way for banks, fintechs like PayPal, and even retailers like Walmart and Amazon to use stablecoins for payments. Suddenly, the dream of crypto becoming a real alternative to Visa or Mastercard seems within reach.

Analysts are salivating. Citi predicts the stablecoin market could hit $3.7 trillion by 2030. In that scenario, Circle, as a neutral platform not tied to any single bank, is perfectly positioned to cash in.

But there’s a catch. The business model that seems so brilliant in a high-interest-rate environment is also its greatest weakness.

“Circle’s whole business is literally glued to Fed policy,” one user wrote in a viral post on Reddit’s r/wallstreetbets. “It’s a Treasury ETF in a trench coat.”

If the Federal Reserve cuts rates, Circle’s main revenue stream shrinks. There’s also nothing stopping bigger players from launching their own lookalike stablecoins, erasing Circle’s edge overnight. If everyone’s offering the same thing, Circle’s moat starts looking very shallow. And yet, Wall Street is piling in like it’s the next OpenAI. What if regulators change their tune? The entire model could be at risk. The business is remarkably fragile.

When contacted by Gizmodo, a spokesperson said the company was in a post-IPO “quiet period,” legally restricting it from making promotional statements.

For now, the hype is winning. Circle’s stock is on fire, fueled by the promise of a future where we all pay for our coffee with digital dollars. But beneath the surface, this $50 billion company doesn’t innovate or disrupt. It just holds your cash, gives you a digital receipt, and pockets the interest. And in the bizarre world of 2025 finance, that’s apparently enough to be crowned the new king of Wall Street.

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#Billion #Company

All eyes are on Maine this week. Political operatives in Trumpworld tell Inner Loop they hope embattled senate candidate Graham Platner will stay in the race as long as possible—the state’s electoral chaos can only help Republicans, they claim.

Platner, a US Marine veteran, overcame a string of controversies to easily win the Democratic primary last month. Platner is supposed to face incumbent Republican Susan Collins in the general election in one of the nation’s most closely watched races in November, but a litany of Democratic officials are now calling for him to drop out.

On Monday, a woman in Maine accused Platner of sexual assault and told Politico that he had once forced her to have sex over her objections. (Platner’s campaign did not respond to a request for comment, though it previously denied the allegation in a statement to Politico.)

Platner had previously been accused of mistreating women, had covered up a Nazi tattoo, and was linked to multiple offensive online comments. Over the past 24 hours, Democrats from Senator Bernie Sanders to Senator Chuck Schumer have called for him to step out of the race.

Trumpworld operatives say their hope—unsurprisingly—is that Platner stays in the race, given his increasingly toxic political brand, his growing horde of political enemies in his own party, and the knock-on effects on his fundraising operation.

Basically, it’s a dumpster fire, and Republicans are all but making s’mores.

“Platner should stay in and fight the liberal lobbyist establishment!” one strategist jokingly told Inner Loop. Like others interviewed for this story, they spoke candidly on the condition of anonymity.

Funding is also going to be a problem, operatives noted with glee. The Democratic Senatorial Campaign Committee, or DSCC, has announced that it will not bankroll Platner’s campaign, should he stay in the race.

The operatives are thrilled by this: As a result, Platner would have to rely on small-dollar donors. Despite his fervent fan base, these donations would almost certainly not cover the tens of millions of dollars that both sides are expecting to have to pour into TV ads closer to the midterms. (The Boston-area media market is among the top 10 most expensive in the country, and Mainers do watch TV.)

But Trump operatives also think even if Platner does step aside, the Senate race in Maine firmly tilts in Collins’ favor.

Democrats have until July 13 for Platner to drop out, and a July 27 deadline for a special election to replace Platner’s name on the ballot. Democratic operatives in the state tell Inner Loop this could happen the weekend of July 25, but Trumpworld doesn’t think the alternative candidates would pose a major challenge.

Janet Mills, the governor of Maine who dropped out of the Democratic Senate primary, is seen as one option. But Mills has a similar profile to Collins, who the operatives still think would edge out a victory, especially given her performance bucking Joe Biden in 2020.

Another option is Troy Jackson, a former Maine state senator. But another longtime GOP strategist was skeptical whether voters would look past the baggage accompanying any Democratic candidate following the Platner saga.

“At the end of the day, Democrats have to run a perfect race to beat Collins, which they have not done. She’s still the least offensive candidate of the Senate Republican conference, and so the strongest candidate we could have in the race,” one longtime GOP strategist says.

Still, Trumpworld and the Republicans’ Senate campaign arm expect a bruising fight in the Maine Senate race that could cost them hundreds of millions of dollars. And while they believe Collins can win, it could end up being tight. Get the graham crackers.


This is an edition of Hugo Lowell’s Inner Loop newsletter. Read previous newsletters here.

#Republicans #Gleefully #Celebrate #Midterms #Chaos #Maineinner loop,politics,congress,elections,government,republicans,democrats">Republicans Gleefully Celebrate Midterms Chaos in MaineAll eyes are on Maine this week. Political operatives in Trumpworld tell Inner Loop they hope embattled senate candidate Graham Platner will stay in the race as long as possible—the state’s electoral chaos can only help Republicans, they claim.Platner, a US Marine veteran, overcame a string of controversies to easily win the Democratic primary last month. Platner is supposed to face incumbent Republican Susan Collins in the general election in one of the nation’s most closely watched races in November, but a litany of Democratic officials are now calling for him to drop out.On Monday, a woman in Maine accused Platner of sexual assault and told Politico that he had once forced her to have sex over her objections. (Platner’s campaign did not respond to a request for comment, though it previously denied the allegation in a statement to Politico.)Platner had previously been accused of mistreating women, had covered up a Nazi tattoo, and was linked to multiple offensive online comments. Over the past 24 hours, Democrats from Senator Bernie Sanders to Senator Chuck Schumer have called for him to step out of the race.Trumpworld operatives say their hope—unsurprisingly—is that Platner stays in the race, given his increasingly toxic political brand, his growing horde of political enemies in his own party, and the knock-on effects on his fundraising operation.Basically, it’s a dumpster fire, and Republicans are all but making s’mores.“Platner should stay in and fight the liberal lobbyist establishment!” one strategist jokingly told Inner Loop. Like others interviewed for this story, they spoke candidly on the condition of anonymity.Funding is also going to be a problem, operatives noted with glee. The Democratic Senatorial Campaign Committee, or DSCC, has announced that it will not bankroll Platner’s campaign, should he stay in the race.The operatives are thrilled by this: As a result, Platner would have to rely on small-dollar donors. Despite his fervent fan base, these donations would almost certainly not cover the tens of millions of dollars that both sides are expecting to have to pour into TV ads closer to the midterms. (The Boston-area media market is among the top 10 most expensive in the country, and Mainers do watch TV.)But Trump operatives also think even if Platner does step aside, the Senate race in Maine firmly tilts in Collins’ favor.Democrats have until July 13 for Platner to drop out, and a July 27 deadline for a special election to replace Platner’s name on the ballot. Democratic operatives in the state tell Inner Loop this could happen the weekend of July 25, but Trumpworld doesn’t think the alternative candidates would pose a major challenge.Janet Mills, the governor of Maine who dropped out of the Democratic Senate primary, is seen as one option. But Mills has a similar profile to Collins, who the operatives still think would edge out a victory, especially given her performance bucking Joe Biden in 2020.Another option is Troy Jackson, a former Maine state senator. But another longtime GOP strategist was skeptical whether voters would look past the baggage accompanying any Democratic candidate following the Platner saga.“At the end of the day, Democrats have to run a perfect race to beat Collins, which they have not done. She’s still the least offensive candidate of the Senate Republican conference, and so the strongest candidate we could have in the race,” one longtime GOP strategist says.Still, Trumpworld and the Republicans’ Senate campaign arm expect a bruising fight in the Maine Senate race that could cost them hundreds of millions of dollars. And while they believe Collins can win, it could end up being tight. Get the graham crackers.This is an edition of Hugo Lowell’s Inner Loop newsletter. Read previous newsletters here.#Republicans #Gleefully #Celebrate #Midterms #Chaos #Maineinner loop,politics,congress,elections,government,republicans,democrats

senate candidate Graham Platner will stay in the race as long as possible—the state’s electoral chaos can only help Republicans, they claim.

Platner, a US Marine veteran, overcame a string of controversies to easily win the Democratic primary last month. Platner is supposed to face incumbent Republican Susan Collins in the general election in one of the nation’s most closely watched races in November, but a litany of Democratic officials are now calling for him to drop out.

On Monday, a woman in Maine accused Platner of sexual assault and told Politico that he had once forced her to have sex over her objections. (Platner’s campaign did not respond to a request for comment, though it previously denied the allegation in a statement to Politico.)

Platner had previously been accused of mistreating women, had covered up a Nazi tattoo, and was linked to multiple offensive online comments. Over the past 24 hours, Democrats from Senator Bernie Sanders to Senator Chuck Schumer have called for him to step out of the race.

Trumpworld operatives say their hope—unsurprisingly—is that Platner stays in the race, given his increasingly toxic political brand, his growing horde of political enemies in his own party, and the knock-on effects on his fundraising operation.

Basically, it’s a dumpster fire, and Republicans are all but making s’mores.

“Platner should stay in and fight the liberal lobbyist establishment!” one strategist jokingly told Inner Loop. Like others interviewed for this story, they spoke candidly on the condition of anonymity.

Funding is also going to be a problem, operatives noted with glee. The Democratic Senatorial Campaign Committee, or DSCC, has announced that it will not bankroll Platner’s campaign, should he stay in the race.

The operatives are thrilled by this: As a result, Platner would have to rely on small-dollar donors. Despite his fervent fan base, these donations would almost certainly not cover the tens of millions of dollars that both sides are expecting to have to pour into TV ads closer to the midterms. (The Boston-area media market is among the top 10 most expensive in the country, and Mainers do watch TV.)

But Trump operatives also think even if Platner does step aside, the Senate race in Maine firmly tilts in Collins’ favor.

Democrats have until July 13 for Platner to drop out, and a July 27 deadline for a special election to replace Platner’s name on the ballot. Democratic operatives in the state tell Inner Loop this could happen the weekend of July 25, but Trumpworld doesn’t think the alternative candidates would pose a major challenge.

Janet Mills, the governor of Maine who dropped out of the Democratic Senate primary, is seen as one option. But Mills has a similar profile to Collins, who the operatives still think would edge out a victory, especially given her performance bucking Joe Biden in 2020.

Another option is Troy Jackson, a former Maine state senator. But another longtime GOP strategist was skeptical whether voters would look past the baggage accompanying any Democratic candidate following the Platner saga.

“At the end of the day, Democrats have to run a perfect race to beat Collins, which they have not done. She’s still the least offensive candidate of the Senate Republican conference, and so the strongest candidate we could have in the race,” one longtime GOP strategist says.

Still, Trumpworld and the Republicans’ Senate campaign arm expect a bruising fight in the Maine Senate race that could cost them hundreds of millions of dollars. And while they believe Collins can win, it could end up being tight. Get the graham crackers.


This is an edition of Hugo Lowell’s Inner Loop newsletter. Read previous newsletters here.

#Republicans #Gleefully #Celebrate #Midterms #Chaos #Maineinner loop,politics,congress,elections,government,republicans,democrats">Republicans Gleefully Celebrate Midterms Chaos in Maine

All eyes are on Maine this week. Political operatives in Trumpworld tell Inner Loop they hope embattled senate candidate Graham Platner will stay in the race as long as possible—the state’s electoral chaos can only help Republicans, they claim.

Platner, a US Marine veteran, overcame a string of controversies to easily win the Democratic primary last month. Platner is supposed to face incumbent Republican Susan Collins in the general election in one of the nation’s most closely watched races in November, but a litany of Democratic officials are now calling for him to drop out.

On Monday, a woman in Maine accused Platner of sexual assault and told Politico that he had once forced her to have sex over her objections. (Platner’s campaign did not respond to a request for comment, though it previously denied the allegation in a statement to Politico.)

Platner had previously been accused of mistreating women, had covered up a Nazi tattoo, and was linked to multiple offensive online comments. Over the past 24 hours, Democrats from Senator Bernie Sanders to Senator Chuck Schumer have called for him to step out of the race.

Trumpworld operatives say their hope—unsurprisingly—is that Platner stays in the race, given his increasingly toxic political brand, his growing horde of political enemies in his own party, and the knock-on effects on his fundraising operation.

Basically, it’s a dumpster fire, and Republicans are all but making s’mores.

“Platner should stay in and fight the liberal lobbyist establishment!” one strategist jokingly told Inner Loop. Like others interviewed for this story, they spoke candidly on the condition of anonymity.

Funding is also going to be a problem, operatives noted with glee. The Democratic Senatorial Campaign Committee, or DSCC, has announced that it will not bankroll Platner’s campaign, should he stay in the race.

The operatives are thrilled by this: As a result, Platner would have to rely on small-dollar donors. Despite his fervent fan base, these donations would almost certainly not cover the tens of millions of dollars that both sides are expecting to have to pour into TV ads closer to the midterms. (The Boston-area media market is among the top 10 most expensive in the country, and Mainers do watch TV.)

But Trump operatives also think even if Platner does step aside, the Senate race in Maine firmly tilts in Collins’ favor.

Democrats have until July 13 for Platner to drop out, and a July 27 deadline for a special election to replace Platner’s name on the ballot. Democratic operatives in the state tell Inner Loop this could happen the weekend of July 25, but Trumpworld doesn’t think the alternative candidates would pose a major challenge.

Janet Mills, the governor of Maine who dropped out of the Democratic Senate primary, is seen as one option. But Mills has a similar profile to Collins, who the operatives still think would edge out a victory, especially given her performance bucking Joe Biden in 2020.

Another option is Troy Jackson, a former Maine state senator. But another longtime GOP strategist was skeptical whether voters would look past the baggage accompanying any Democratic candidate following the Platner saga.

“At the end of the day, Democrats have to run a perfect race to beat Collins, which they have not done. She’s still the least offensive candidate of the Senate Republican conference, and so the strongest candidate we could have in the race,” one longtime GOP strategist says.

Still, Trumpworld and the Republicans’ Senate campaign arm expect a bruising fight in the Maine Senate race that could cost them hundreds of millions of dollars. And while they believe Collins can win, it could end up being tight. Get the graham crackers.


This is an edition of Hugo Lowell’s Inner Loop newsletter. Read previous newsletters here.

#Republicans #Gleefully #Celebrate #Midterms #Chaos #Maineinner loop,politics,congress,elections,government,republicans,democrats

After a decade of surprise-filled unboxings, L.O.L. Surprise! is stepping onto the main stage. The collectible toy brand is celebrating its 10th anniversary with the L.O.L. Surprise! Music Festival, a yearlong campaign packed with new dolls, festival-inspired collectibles, and headline-worthy collaborations.

The biggest draw? Music icons Jennie from BLACKPINK and Rosalía are making their L.O.L. Surprise! doll debuts with collectible looks inspired by their signature styles. Beyond the artist collaborations, the lineup brings new doll looks, refreshed packaging, and a range of festival-themed collectibles for fans to discover.

Here’s everything launching in the L.O.L. Surprise! Music Festival collection and where to buy it.

Music Festival Tots with Collectible Vinyl Albums

Why we like it

The L.O.L. Surprise! Music Festival Tots brings the music theme to life with eight dolls inspired by different genres, including K-pop, Latin, pop, hip-hop, country, indie, pop-punk, and scene.

Each Tot comes inside a pink disco ball that doubles as a collectible display piece and a mini reveal experience — spin the included vinyl record to open compartments filled with fashion and accessories. With fresh doll designs, seven surprises to unbox, and a chance to find a rare shiny disco ball, these are made for collectors who enjoy the thrill of the reveal.

Music Festival Headliners Tots Global Music Artist Dolls

Why we like it

If your kid (or your inner collector) has a favorite music icon, these L.O.L. Surprise! Music Festival Headliners Tots bring that fan energy into a tiny collectible package. Each Tot is inspired by the style of Jennie or Rosalía, featuring cool outfits based on their real-world looks, plus a mini poster and a collectible trading card to enhance the experience.

The heart-shaped L.O.L. ball doubles as a keychain, so fans can take their favorite artist-inspired Tot anywhere. With seven surprises to unbox, including outfits, shoes, and accessories, there’s plenty of reveal excitement before the tiny headliner hits the stage. Collect all four Tots to build out the full Music Festival lineup.

Music Festival Furniture Packs

Why we like it

The L.O.L. Surprise! Music Festival Furniture Packs are a fun way to turn the collection into a full-on festival setup. Instead of just collecting dolls, kids can build out their own mini concert world with spaces like the Main Stage, DJ Booth, Neon Arcade, and Roller Disco. Each pack also comes with an exclusive Tot, giving collectors another character to add to the lineup.

Rosalía Fashion Doll with Collectible Poster

Why we like it

Rosalía fans will instantly recognize the bold, trendy vibe behind this L.O.L. Surprise! Rosalía Fashion Doll. The look is inspired by one of Rosalía’s iconic outfits, with a bold style that feels very much like the singer’s stage persona. It also comes with an exclusive Rosalía poster, making it a fun pick for both collectors and fans who want a little piece of her stage style on display.

Jennie Fashion Doll with Collectible Poster

Why we like it

L.O.L. Surprise! is bringing a little star power to the toy aisle with this Jennie-inspired fashion doll. It captures her signature style with a more detailed look, a stage-ready outfit inspired by one of her real outfits, and a collectible poster tucked inside for fans to display. Fans snapped this one up quickly, so don’t be surprised if you have to wait for the next restock.

#L.O.L #Surprise #Music #Festival #collection #buy #Jennie #Rosalía #dolls">L.O.L. Surprise! Music Festival collection: Where to buy Jennie and Rosalía dolls
                                                            
After a decade of surprise-filled unboxings, L.O.L. Surprise! is stepping onto the main stage. The collectible toy brand is celebrating its 10th anniversary with the L.O.L. Surprise! Music Festival, a yearlong campaign packed with new dolls, festival-inspired collectibles, and headline-worthy collaborations.The biggest draw? Music icons Jennie from BLACKPINK and Rosalía are making their L.O.L. Surprise! doll debuts with collectible looks inspired by their signature styles. Beyond the artist collaborations, the lineup brings new doll looks, refreshed packaging, and a range of festival-themed collectibles for fans to discover.Here’s everything launching in the L.O.L. Surprise! Music Festival collection and where to buy it.Music Festival Tots with Collectible Vinyl Albums
Why we like itThe L.O.L. Surprise! Music Festival Tots brings the music theme to life with eight dolls inspired by different genres, including K-pop, Latin, pop, hip-hop, country, indie, pop-punk, and scene. Each Tot comes inside a pink disco ball that doubles as a collectible display piece and a mini reveal experience — spin the included vinyl record to open compartments filled with fashion and accessories. With fresh doll designs, seven surprises to unbox, and a chance to find a rare shiny disco ball, these are made for collectors who enjoy the thrill of the reveal.Music Festival Headliners Tots Global Music Artist Dolls
Why we like itIf your kid (or your inner collector) has a favorite music icon, these L.O.L. Surprise! Music Festival Headliners Tots bring that fan energy into a tiny collectible package. Each Tot is inspired by the style of Jennie or Rosalía, featuring cool outfits based on their real-world looks, plus a mini poster and a collectible trading card to enhance the experience.The heart-shaped L.O.L. ball doubles as a keychain, so fans can take their favorite artist-inspired Tot anywhere. With seven surprises to unbox, including outfits, shoes, and accessories, there’s plenty of reveal excitement before the tiny headliner hits the stage. Collect all four Tots to build out the full Music Festival lineup.
Music Festival Furniture Packs
Why we like itThe L.O.L. Surprise! Music Festival Furniture Packs are a fun way to turn the collection into a full-on festival setup. Instead of just collecting dolls, kids can build out their own mini concert world with spaces like the Main Stage, DJ Booth, Neon Arcade, and Roller Disco. Each pack also comes with an exclusive Tot, giving collectors another character to add to the lineup. 
        
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Rosalía Fashion Doll with Collectible Poster
Why we like itRosalía fans will instantly recognize the bold, trendy vibe behind this L.O.L. Surprise! Rosalía Fashion Doll. The look is inspired by one of Rosalía’s iconic outfits, with a bold style that feels very much like the singer’s stage persona. It also comes with an exclusive Rosalía poster, making it a fun pick for both collectors and fans who want a little piece of her stage style on display.Jennie Fashion Doll with Collectible Poster
Why we like itL.O.L. Surprise! is bringing a little star power to the toy aisle with this Jennie-inspired fashion doll. It captures her signature style with a more detailed look, a stage-ready outfit inspired by one of her real outfits, and a collectible poster tucked inside for fans to display. Fans snapped this one up quickly, so don’t be surprised if you have to wait for the next restock.

                    
                                            
                            
                        
                                    #L.O.L #Surprise #Music #Festival #collection #buy #Jennie #Rosalía #dolls

L.O.L. Surprise! Music Festival, a yearlong campaign packed with new dolls, festival-inspired collectibles, and headline-worthy collaborations.

The biggest draw? Music icons Jennie from BLACKPINK and Rosalía are making their L.O.L. Surprise! doll debuts with collectible looks inspired by their signature styles. Beyond the artist collaborations, the lineup brings new doll looks, refreshed packaging, and a range of festival-themed collectibles for fans to discover.

Here’s everything launching in the L.O.L. Surprise! Music Festival collection and where to buy it.

Music Festival Tots with Collectible Vinyl Albums

Why we like it

The L.O.L. Surprise! Music Festival Tots brings the music theme to life with eight dolls inspired by different genres, including K-pop, Latin, pop, hip-hop, country, indie, pop-punk, and scene.

Each Tot comes inside a pink disco ball that doubles as a collectible display piece and a mini reveal experience — spin the included vinyl record to open compartments filled with fashion and accessories. With fresh doll designs, seven surprises to unbox, and a chance to find a rare shiny disco ball, these are made for collectors who enjoy the thrill of the reveal.

Music Festival Headliners Tots Global Music Artist Dolls

Why we like it

If your kid (or your inner collector) has a favorite music icon, these L.O.L. Surprise! Music Festival Headliners Tots bring that fan energy into a tiny collectible package. Each Tot is inspired by the style of Jennie or Rosalía, featuring cool outfits based on their real-world looks, plus a mini poster and a collectible trading card to enhance the experience.

The heart-shaped L.O.L. ball doubles as a keychain, so fans can take their favorite artist-inspired Tot anywhere. With seven surprises to unbox, including outfits, shoes, and accessories, there’s plenty of reveal excitement before the tiny headliner hits the stage. Collect all four Tots to build out the full Music Festival lineup.

Music Festival Furniture Packs

Why we like it

The L.O.L. Surprise! Music Festival Furniture Packs are a fun way to turn the collection into a full-on festival setup. Instead of just collecting dolls, kids can build out their own mini concert world with spaces like the Main Stage, DJ Booth, Neon Arcade, and Roller Disco. Each pack also comes with an exclusive Tot, giving collectors another character to add to the lineup.

Rosalía Fashion Doll with Collectible Poster

Why we like it

Rosalía fans will instantly recognize the bold, trendy vibe behind this L.O.L. Surprise! Rosalía Fashion Doll. The look is inspired by one of Rosalía’s iconic outfits, with a bold style that feels very much like the singer’s stage persona. It also comes with an exclusive Rosalía poster, making it a fun pick for both collectors and fans who want a little piece of her stage style on display.

Jennie Fashion Doll with Collectible Poster

Why we like it

L.O.L. Surprise! is bringing a little star power to the toy aisle with this Jennie-inspired fashion doll. It captures her signature style with a more detailed look, a stage-ready outfit inspired by one of her real outfits, and a collectible poster tucked inside for fans to display. Fans snapped this one up quickly, so don’t be surprised if you have to wait for the next restock.

#L.O.L #Surprise #Music #Festival #collection #buy #Jennie #Rosalía #dolls">L.O.L. Surprise! Music Festival collection: Where to buy Jennie and Rosalía dolls

After a decade of surprise-filled unboxings, L.O.L. Surprise! is stepping onto the main stage. The collectible toy brand is celebrating its 10th anniversary with the L.O.L. Surprise! Music Festival, a yearlong campaign packed with new dolls, festival-inspired collectibles, and headline-worthy collaborations.

The biggest draw? Music icons Jennie from BLACKPINK and Rosalía are making their L.O.L. Surprise! doll debuts with collectible looks inspired by their signature styles. Beyond the artist collaborations, the lineup brings new doll looks, refreshed packaging, and a range of festival-themed collectibles for fans to discover.

Here’s everything launching in the L.O.L. Surprise! Music Festival collection and where to buy it.

Music Festival Tots with Collectible Vinyl Albums

Why we like it

The L.O.L. Surprise! Music Festival Tots brings the music theme to life with eight dolls inspired by different genres, including K-pop, Latin, pop, hip-hop, country, indie, pop-punk, and scene.

Each Tot comes inside a pink disco ball that doubles as a collectible display piece and a mini reveal experience — spin the included vinyl record to open compartments filled with fashion and accessories. With fresh doll designs, seven surprises to unbox, and a chance to find a rare shiny disco ball, these are made for collectors who enjoy the thrill of the reveal.

Music Festival Headliners Tots Global Music Artist Dolls

Why we like it

If your kid (or your inner collector) has a favorite music icon, these L.O.L. Surprise! Music Festival Headliners Tots bring that fan energy into a tiny collectible package. Each Tot is inspired by the style of Jennie or Rosalía, featuring cool outfits based on their real-world looks, plus a mini poster and a collectible trading card to enhance the experience.

The heart-shaped L.O.L. ball doubles as a keychain, so fans can take their favorite artist-inspired Tot anywhere. With seven surprises to unbox, including outfits, shoes, and accessories, there’s plenty of reveal excitement before the tiny headliner hits the stage. Collect all four Tots to build out the full Music Festival lineup.

Music Festival Furniture Packs

Why we like it

The L.O.L. Surprise! Music Festival Furniture Packs are a fun way to turn the collection into a full-on festival setup. Instead of just collecting dolls, kids can build out their own mini concert world with spaces like the Main Stage, DJ Booth, Neon Arcade, and Roller Disco. Each pack also comes with an exclusive Tot, giving collectors another character to add to the lineup.

Rosalía Fashion Doll with Collectible Poster

Why we like it

Rosalía fans will instantly recognize the bold, trendy vibe behind this L.O.L. Surprise! Rosalía Fashion Doll. The look is inspired by one of Rosalía’s iconic outfits, with a bold style that feels very much like the singer’s stage persona. It also comes with an exclusive Rosalía poster, making it a fun pick for both collectors and fans who want a little piece of her stage style on display.

Jennie Fashion Doll with Collectible Poster

Why we like it

L.O.L. Surprise! is bringing a little star power to the toy aisle with this Jennie-inspired fashion doll. It captures her signature style with a more detailed look, a stage-ready outfit inspired by one of her real outfits, and a collectible poster tucked inside for fans to display. Fans snapped this one up quickly, so don’t be surprised if you have to wait for the next restock.

#L.O.L #Surprise #Music #Festival #collection #buy #Jennie #Rosalía #dolls

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