- Circle surges after GENIUS Act approval impacting USDC favorable.
- Circle stock rises by 20.39%.
- Institutional backing with Seaport Global’s Buy rating.
Circle Internet Group, Inc. (NYSE: CRCL) experienced a significant stock increase following the United States Senate’s passage of the GENIUS Act, benefiting its stablecoin USDC.
The GENIUS Act’s passage presents notable advancements for stablecoin regulation, reducing uncertainty and promoting growth within the digital asset sector, as evidenced by Circle’s stock rise and USDC adoption increases.
The Senate’s approval of the GENIUS Act drove Circle’s stock price up 34%, closing at $240.28. Year-to-date gains reached 675%, driven by enhanced confidence in stablecoin regulation. Passage of GENIUS Act establishes regulatory clarity, easing investor concerns. Circle’s leadership has long advocated for stablecoin regulation, striving for market stability.
Circle’s financial health reflects positively with a 59% revenue increase and 75% net income growth in Q1 2025. Additionally, USDC’s acceptance is seen in Shopify’s recent integration, underscoring expanding cryptocurrency utility in payments. Positive institutional reactions bolster the market’s response, with Seaport Global Securities initiating a Buy rating for Circle. The favorable outlook marks a promising future trajectory for Circle’s financial strength.
“We’ve just begun”
indicating substantial optimism regarding Circle’s ongoing market performance. The GENIUS Act potentially sets a precedent for future stablecoin regulations. Circle’s valuation approximates $30 billion, reflecting its robust market position and investor confidence.
Circle’s surge mirrors past IPO events, although its magnitude is particularly striking. As the GENIUS Act establishes a new regulatory framework for stablecoins, market responses suggest a trajectory toward broader acceptance and integration of digital currencies. Historical trends indicate that clearer regulations generally catalyze advances in the crypto sector.
