#CRCL Stock Approaches $200 Mark With 530% Surge Since IPO


Circle Internet Group shares closed Wednesday at $199.59, marking a 33.8% daily gain from the opening price of $153.22.


The stablecoin issuer has delivered over 530% returns since its June 5 IPO listing price of $31 per share.


#Trading volume hit a record 63.5 million shares on Wednesday, with the stock climbing another 6% during after-hours trading.


The surge follows Tuesday's Senate passage of the GENIUS Act, which creates a comprehensive regularity framework for stablecoins.


Circle issues $USDC, the second-largest dollar-pegged stablecoin with a $61.4 billion market cap, representing 25% of the total stablecoin supply.


Recent $USDC adoption includes integration with #XRPLedger and Coinbase Derivatives’ plan to enable it as collateral for futures trading by 2026.


Major retailers like Walmart and Amazon are reportedly considering their own stablecoin launches as the sector gains mainstream traction.


The #Trump-linked World Liberty Financial recently used its $USD1 #stablecoin for the record $2 billion investment Binance received from an Abu Dhabi firm.

$WLF $XRP

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June 20, 2025 at 2:29 PM
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