Catenaa, Saturday, June 21, 2025-Shares of Circle Internet Financial continued their meteoric rise Wednesday, closing at $199.59, a 33.8% daily gain and a staggering 530% jump from its $31 IPO price just two weeks ago.
The crypto payments firm, which issues the USDC stablecoin, has seen intense investor demand following its June 5 market debut on the Nasdaq under the ticker CRCL.
rading volume hit a record 63.5 million shares, with after-hours activity pushing the stock another 6% higher, according to Yahoo Finance data. Circle’s surge comes amid growing optimism around stablecoins following the U.S. Senate’s passage of the GENIUS Act, a landmark bill that proposes comprehensive federal regulation for stablecoins. The bill now moves to the House, where President Donald Trump urged swift approval.
Analysts say the rally reflects investor confidence in Circle’s position as a leader in the digital dollar sector. USDC currently commands a $61.4 billion market cap and accounts for 25% of the $243 billion global stablecoin supply.
Circle’s rapid rise has sparked speculation that crypto peers Gemini and Kraken could accelerate IPO plans.
Meanwhile, traditional retailers like Walmart and Amazon are reportedly weighing stablecoin launches, and USDC continues gaining traction, with integrations into platforms like XRP Ledger and Coinbase Derivatives.
CRCL’s breakout signals a growing appetite for regulated crypto finance firms and highlights stablecoins as a key pillar in digital asset infrastructure amid increasing institutional and government attention.
