USDC Issuer Circle’s Meteoric Stock Surge Amid Stablecoin Regulatory Breakthroughs
Circle Internet Group Inc., the company behind the USDC stablecoin, shocked markets with a 168% first-day surge in its stock debut on June 5, opening at $31 before rocketing to 750% gains within weeks. Despite a 17% pullback on Tuesday, shares remain strong at $263.45—demonstrating robust investor demand for publicly traded crypto infrastructure plays.
This rally aligns with significant regulatory progress in Washington. The Senate's passage of the GENUIS Act reflects growing institutional acceptance, with President Trump-affiliated World Liberty Financial already supporting a $2 billion stablecoin initiative. Payment leaders Fiserv and Mastercard are mobilizing resources, while retail giants Walmart and Amazon explore market entry strategies.
