Circle Stock Soars Over 500% After IPO 🚀
@circle Internet Group (CRCL), issuer of USDC, has seen its stock skyrocket over 530% since going public at $31 on June 5, closing at $199.59 on June 19 with a 33.8% single-day gain.
> The surge coincided with the Senate's approval of the GENIUS Act, a major stablecoin regulatory framework now heading to the House.
> @coinbase shares rose 16% alongside the GENIUS Act news.
> President Trump has publicly supported the bill, pushing for swift passage.
> Investor confidence in the stablecoin sector appears to be strengthening.
> USDC, Circle’s flagship stablecoin, now holds a $61.4B market cap and represents 25% of the $243B stablecoin supply.
Adoption is growing, with XRP Ledger integrating USDC and Coinbase Derivatives planning to use it as futures collateral by 2026. Major brands like Amazon and Walmart are also exploring stablecoin launches.
> @worldlibertyfi's USD1 was used in a $2B investment into Binance from Abu Dhabi, further validating the growing demand for USD-pegged assets.
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