Coinbase and Circle stock prices surge due to stablecoin momentum

From Yahoo Finance: 2025-06-26 13:37:00

Coinbase and Circle shares surged on Thursday due to growing enthusiasm around digital tokens. Coinbase is close to reaching its first all-time high since November 2021, up 40% since the GENIUS Act passage. Analysts praise Coinbase as the “Amazon of crypto financial services,” with a price target of $510. Coinbase stock trades near $375. Circle, in which Coinbase has a stake, has also seen a 620% increase from its IPO price, driven by USDC stablecoins. Momentum around Circle is rising, with a potential $2T market cap for stablecoins. Fiserv announced plans to launch a new stablecoin, FIUSD, by year-end, using infrastructure from Paxos and Circle. However, analysts warn of potential share price pressures for Circle due to increasing competition in the stablecoin space post-legislation passage. Compass Point initiated coverage of Circle with a Neutral rating and $205 price target.



Read more at Yahoo Finance: Coinbase, Circle shares jump as stablecoin momentum heats up