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Circle Stock Extends 3-Day Rally as Stablecoin Momentum Builds
Shares of Circle (CRCL) climbed 9.51% to $263.14 on Monday, extending an 80% rally from last week, fueled by the Senate’s passage of the GENIUS Act, which establishes a federal framework for stablecoins like Circle’s USDC (USDC-USD). The legislation, expected to gain House approval and presidential signature by year-end, signals a maturing regulatory environment for digital assets, bolstering investor confidence in Circle, whose stock has soared 748% since its IPO price of $31 on June 5. Wall Street’s optimism is further amplified by strategic partnerships, notably with Fiserv (FI), which announced plans to ... (full story)