Circle’s CRCL Stock Rebounds 14% Amid Strategic Partnerships and Regulatory Progress
Circle’s CRCL stock has surged 14% in July, recovering from a 42% decline since late June. The rebound coincides with broader equity market gains, including the S&P 500 hitting record highs. Analysts maintain a 'hold' rating, though JP Morgan projects a long-term drop to $80 by 2026.
Key drivers include Circle’s partnership with Fiserv to expand stablecoin solutions globally, leveraging Fiserv’s presence across the U.S., E.U., Asia-Pacific, and South America. Regulatory momentum is also building, with Circle applying for a national bank charter under the advancing GENIUS Act, now before the House of Representatives.