Circle Stock Rockets 540%: Cathie Wood Says ‘We’ve Just Begun’
Posted On June 20, 2025
Circle Internet Group, Inc. (NYSE:CRCL), the issuer behind the USD Coin (CRYPTO: USDC) stablecoin, has stunned Wall Street with a meteoric 540% surge since its IPO on June 5. The stock closed at $199.59 on Wednesday, propelling Circle’s valuation to nearly $50 billion.
What To Know: Circle’s explosive rally gained more momentum Wednesday after the U.S. Senate’s passage of the GENIUS Act, a landmark bill that would formally regulate dollar-backed stablecoins and integrate them into the U.S. financial system.
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The legislation, which still needs approval from the House of Representatives and President Donald Trump‘s …
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