$USDC Circle's stock experienced a remarkable surge of 34% on June 18, closing at \$199.59, following the U.S. Senate's approval of the GENIUS Act (Guiding and Establishing National Innovation for U.S. Stablecoins). According to Yahoo Finance, the stock briefly reached a record high of \$200.90 during the trading session. This dramatic rise represents nearly a 6.5-fold increase from Circle’s IPO price of \$31, set just two weeks earlier on June 5. The GENIUS Act introduces a comprehensive federal regulatory framework for U.S. dollar-backed stablecoins, including Circle’s own USD Coin (USDC), significantly boosting investor confidence in the company’s futures market is the best to you.
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