Circle's stock exceeds $171 after the Senate approved the Stablecoin Act
The stock of Circle Internet Group, the issuer of the USDC stablecoin, rose by nearly 15% on Wednesday after the Senate approved the GENIUS Act, which provides a federal government framework for the use of stable cryptocurrencies pegged to the US dollar.
Circle's stock price surpassed $171 in recent trading, after rising by 14.77%, achieving a record increase of more than 400% since the initial offering of the stock on June 5, 2025, at a price of 31#MyTradingStyle .