Circle Stock Soars 33.8% on GENIUS Act Passage

Circle's stock surged 14.41% in pre-market trading on June 20, 2025, marking a significant rise from its IPO price of $31 on June 4, 2025.

Circle's stock has experienced a remarkable surge, closing at $199.59 on Wednesday, marking a 33.8% increase in a single day and an additional 6% gain after hours. This significant rise comes just after the U.S. Senate passed the GENIUS Act, a bill aimed at creating a national framework for regulating stablecoins like USDC, which Circle issues. The bill has garnered strong political support, with President Trump publicly endorsing it and urging the House to pass it swiftly. This regulatory development has sparked a positive market reaction, with Coinbase stock jumping 16%, reflecting broader investor optimism around U.S.-regulated digital assets.

Circle’s USDC stablecoin is the second-largest USD stablecoin globally, with a market cap of $61.4 billion and accounting for 25% of all stablecoins in circulation. This substantial market share underscores Circle’s significant influence in the crypto economy. As banks and tech giants increasingly explore the stablecoin space, CRCL’s rise could pave the way for upcoming IPOs from firms like Kraken and Gemini, further solidifying the sector’s growth and potential.

The success of Circle’s CRCL stock can be attributed to several factors. Firstly, the stablecoin market has been gaining traction due to its ability to provide a stable store of value and medium of exchange, which is crucial for financial transactions in volatile markets. Secondly, the regulatory environment for stablecoins has been evolving, with more jurisdictions recognizing their potential and implementing frameworks to support their use. This regulatory clarity has boosted investor confidence and encouraged more institutions to adopt stablecoins.

Circle’s USDC stablecoin has been at the forefront of this trend, with its integration into various financial systems and platforms. The stablecoin’s ability to facilitate real-time settlements and integrate real-time foreign exchange (FX) rates has made it an attractive option for financial institutions looking to streamline their operations. For instance, Standard Bank, Shinhan Bank, and Swirlds Labs have collaborated on a pilot project using stablecoins to achieve real-time settlement and integrate real-time FX rates, demonstrating the practical applications of stablecoins in international remittances.

The integration of USDC on the Hedera network has further enhanced its utility and accessibility. Hedera’s enterprise-grade applications and low transaction costs have made it an attractive platform for developers and institutions looking to build on blockchain technology. The Hedera Stablecoin Studio and AI Studio have enabled businesses to launch programmable dollar services quickly and compliantly, positioning Hedera as a preferred alternative to traditional EVM chains.