Circle stock surges 670% from IPO price, fueled by optimism around stablecoin market growth

From Yahoo Finance: 2025-06-20 17:50:00

Circle stock (CRCL) continues its massive rally, up 80% this week, closing just above $240 with shares up 670% from IPO price of $31. Seaport Research Partners analyst predicts overall stablecoin market cap to reach $500B by next year and possibly $2T long-term. Circle surged post-IPO, following the Senate’s passage of the GENIUS Act, signaling a federal framework for stablecoins. Circle CEO Jeremy Allaire praises the bill as a historic step for US economic competitiveness. Momentum in stablecoins boosts Robinhood (HOOD) and Coinbase (COIN), with Coinbase holding a minority stake in Circle. Circle’s revenue mainly comes from “reserve income” on cash backing its stablecoin, USDC, which is pegged to the US dollar.



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