Circle stock surges 20% as Senate supports stablecoins, Fiserv plans new stablecoin

From Yahoo Finance: 2025-06-23 12:56:00

Circle stock (CRCL) continued its rally for a third day, surging 20% on Monday after the Senate passed legislation supporting stablecoins. Fintech firm Fiserv (FI) announced plans to launch a new stablecoin (FIUSD) by year-end, boosting CRCL’s position as a leading partner. Shares are up over 800% from their IPO price of $31. Wall Street sees CRCL as a top-tier disruptor in the crypto space with significant growth potential. The stock surged following the Senate’s passage of the GENIUS Act, signaling broader adoption of stablecoins in the financial world. CEO Jeremy Allaire views Circle’s success as validation of stablecoins in the digital asset ecosystem and crypto’s increasing legitimacy.



Read more at Yahoo Finance: Circle stock extends rally for third day in a row as stablecoin momentum grows