Circle stock surges 65%, up 600% from IPO price on optimism for USDC stablecoin.

From Yahoo Finance: 2025-06-20 11:34:00

Circle stock (CRCL) continues to surge, up over 65% this week and 600% above its IPO price of $31. Analysts see a bright future, with the stablecoin market potentially reaching $500B by next year and $2T long-term. Circle’s USDC stablecoin has gained popularity, driving stock prices higher.

The Senate’s passage of the GENIUS Act, providing a federal framework for stablecoins like USDC, has further boosted Circle’s stock. CEO Jeremy Allaire hails the legislation as a historic step towards economic competitiveness. Momentum in stablecoins has also lifted shares of Robinhood (HOOD) and Coinbase (COIN), with Coinbase holding a stake in Circle.

Circle’s revenue primarily comes from “reserve income” generated by its USDC stablecoin backed by the dollar. The company benefits from an improving regulatory environment in the US. Analysts are optimistic about Circle’s growth potential, initiating coverage with a Buy rating and a price target of $235. Shares are currently trading near $228.



Read more at Yahoo Finance: Circle stock extends stunning rally amid high hopes for cryto ‘disruptor’