Circle Stock Soars 5.36% on GENIUS Act Approval

On June 24, 2025, Circle's stock price surged by 5.36% in pre-market trading, reflecting a strong bullish sentiment among investors.

Circle's stock has experienced a remarkable rally since its Wall Street debut, with its price surging by 900%. This surge has been driven by investor enthusiasm over stablecoins, particularly USDC, which Circle issues. The company's market capitalization has reached nearly $77 billion, surpassing that of Coinbase, which generates 50% of its gross revenue from Circle's stablecoin.

The GENIUS Act, approved by the U.S. Senate, has provided a significant boost to Circle's stock. This legislation aims to establish federal guardrails for fully-backed stablecoins, enhancing the regulatory environment for Circle's operations. The act has also benefited Coinbase, which receives a substantial portion of its revenue from Circle's stablecoin.

Circle's stock has become a retail favorite, with investors attracted to its rapid growth and regulatory momentum. However, some analysts have expressed concerns about the sustainability of Circle's market capitalization, given that Coinbase has multiple revenue streams and captures a significant portion of Circle's revenue.

Despite these concerns, Circle's stock continues to attract investor interest, driven by the growing demand for regulated crypto exposure and the potential for further regulatory developments. The company's partnership with Fiserv on a stablecoin platform further underscores its strategic position in the market.