Circle Stock Surges 750% Post GENIUS Act Passage

Circle Internet Group (CRCL), the issuer of the USDC stablecoin, has experienced a remarkable surge in its stock price, appreciating by approximately 750% since its initial public offering (IPO) on June 5, 2025. The stock, which opened at $31 per share, closed at $263.45, with an intraday high of nearly $299. This significant rally is attributed to the passage of the GENIUS Act by the U.S. Senate, which provides clear regulatory frameworks for fully-backed stablecoins. The act has bolstered investor confidence in compliant digital asset companies, including Circle and Coinbase.

As a result of this surge, Circle's equity value has surpassed the total token float capacity of USDC, standing at $63.89 billion compared to USDC's approximate circulating supply of $61.68 billion. This is a rare occurrence where the equity value of a stablecoin issuer exceeds the total token float capacity. USDC remains the second-largest stablecoin by market capitalization, with a market cap of roughly $62 billion, trailing only Tether (USDT), which has a market cap close to $156 billion and a 62% market share.

The market anticipates increased institutional demand for compliant stablecoins like USDC, with regulatory clarity potentially arriving through the GENIUS Act. This could further support Circle's stock in the coming months. Coinbase Global Inc. (COIN) has also seen a bullish wave, with its stock price breaking above key resistance levels on the daily chart. After consolidating at the 61.8% retracement level at $270.15, COIN surged above the 78.6% level at $305.92 and closed recently at $307.59, with pre-market momentum pushing it above $316.22.

Technical patterns for COIN are encouraging, with a confirmed inverse head-and-shoulders breakout, a classical bullish reversal sign. The Relative Strength Index (RSI) near 70.5 suggests good momentum, although traders should be cautious of the overbought zone. If the current bullish momentum is sustained, COIN could reach the 100% Fibonacci extension near $349.44. Any pullbacks toward $305 or $270 would present good buying opportunities as long as the breakout structure remains intact.

CRCL's technical outlook shows a rally from $64 on June 5 to nearly $300 on June 23, settling at around $263.45 at the time of closing. The stock is consolidating between $255 and $270, which may serve as a support zone. If this zone holds, CRCL could attempt another breakout toward the key $300 resistance. On the downside, a break below $250 could trigger a short-term pullback toward $225. However, as long as the uptrend holds, analysts believe that CRCL will continue to test the $320-$350 region if the broader crypto sentiment remains bullish.

As the crypto markets prepare for regulatory clarity, including the potential passage of the GENIUS Act, Circle and Coinbase are emerging as powerful brands in the digital asset space. With technical bullishness, increased institutional attention, and strong policy support, these stocks could be poised for further upsides. The passage of the GENIUS Act has provided a clear regulatory framework for stablecoins, which has increased investor confidence in compliant digital asset companies. This has led to a surge in the stock prices of Circle and Coinbase, with Circle's equity value surpassing the total token float capacity of USDC. The market anticipates increased institutional demand for compliant stablecoins like USDC, which could further support Circle's stock in the coming months. Coinbase has also seen a bullish wave, with its stock price breaking above key resistance levels. Technical patterns for COIN are encouraging, with a confirmed inverse head-and-shoulders breakout and an RSI near 70.5 suggesting good momentum. If the current bullish momentum is sustained, COIN could reach the 100% Fibonacci extension near $349.44. CRCL's technical outlook shows a rally from $64 to nearly $300, with the stock consolidating between $255 and $270. If this zone holds, CRCL could attempt another breakout toward the key $300 resistance. On the downside, a break below $250 could trigger a short-term pullback toward $225. However, as long as the uptrend holds, analysts believe that CRCL will continue to test the $320-$350 region if the broader crypto sentiment remains bullish. As the crypto markets prepare for regulatory clarity, Circle and Coinbase are emerging as powerful brands in the digital asset space. With technical bullishness, increased institutional attention, and strong policy support, these stocks could be poised for further upsides.