Jim Cramer gives positive evaluation of Circle Internet Group stock performance

From Yahoo Finance: 2025-06-30 19:11:00

Jim Cramer offers a blunt eight-word verdict on Circle Internet Group (NYSE: CRCL), a prominent crypto company issuing the USDC stablecoin pegged 1:1 to the U.S. dollar. With a market cap of $61.39 billion, USDC accounts for nearly 25% of the total stablecoin market cap of $253.65 billion, according to DeFiLlama. Circle went public on June 5, 2025, opening at $69 on the NYSE, around 125% higher than the IPO price of $31. The stock surged 30% to around $200 after the U.S. Senate passed the GENIUS Act related to stablecoin regulation. Analysts at Bernstein gave CRCL an outperform rating with a $230 price target, seeing a bright future in the red-hot stablecoin market. The CRCL stock closed at $181.29 on June 30, up 0.48% for the day.

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