Why Circle Internet Stock Skyrocketed 83.2% This Week
From Yahoo Finance: 2025-06-20 16:59:00
Shares of Circle Internet Group (NYSE: CRCL) surged 83.2% this week, following the US Senate’s passage of the GENIUS Act. The bill aims to regulate stablecoins, boosting investor confidence in Circle, the sole issuer of USDC. However, concerns about valuation and revenue dependence on interest rates and Coinbase remain.
The GENIUS Act, if signed into law, will allow banks, fintech firms, and retailers to issue stablecoins under federal oversight. The House of Representatives must now approve the bill, which could drive significant growth for Circle Internet Group. Sen. Kirsten Gillibrand emphasizes consumer protection and U.S. dollar dominance in supporting the bill.
Since its IPO, Circle stock has surged nearly 200%, driven by optimism around the GENIUS Act. However, revenue risks tied to interest rates and the company’s relationship with Coinbase raise caution for investors. While Circle’s potential is promising, its valuation and dependencies warrant attention before investing.
Investors should carefully consider Circle Internet Group’s stock before buying, as it may not be among the top 10 recommended stocks by the Motley Fool Stock Advisor team. Past recommendations like Netflix and Nvidia have delivered significant returns, but caution is advised due to potential revenue risks and valuation concerns with Circle Internet Group.
Read more at Yahoo Finance: Why Circle Internet Stock Skyrocketed 83.2% This Week