$USDC 🚀 1. Leading companies perform brilliantly: Circle (the first publicly traded stablecoin)
Stock price skyrockets
Circle (CRCL) has continued to surge since its IPO at $31 on June 7. As of June 16, the closing price reached $151.06, with an intraday high of $165.60, accumulating a nearly 390% increase in just ten days and its market capitalization soaring to about $36.7 billion, becoming the core driving force of the current cryptocurrency concept stock market.
Industry status
As the first compliant stablecoin company to list on the US stock market, its surge marks mainstream capital market recognition of on-chain financial infrastructure, viewed by the industry as a milestone in "cryptocurrency compliance".
📈 2. Collective movement in cryptocurrency concept stocks
Boosted by expectations of the passage of the US stablecoin bill, multiple related stocks saw significant increases (as of June 18 data):
Kindly MD: Single-day increase of over 28% (intraday surge)
SharpLink Gaming: Increase of over 10%
Cantor Equity Partners: Pre-market increase of over 7.7%
Hyperscale Data, Canaan Inc. (CAN), TeraWulf (WULF): All increased by over 3%-1%
⚖️ 3. Policy catalyst: Breakthrough progress of the "GENIUS Act"
Core content of the bill
On June 17, the US Senate passed the "2025 American Stablecoin Guidance and Innovation Act" (GENIUS Act), establishing a federal regulatory framework for stablecoins pegged to the US dollar for the first time, requiring issuers to hold cash or high-liquid assets as reserves.
Subsequent processes and expectations
The next step will be to submit it for a vote in the House of Representatives, and if passed, it will be signed into law by President Trump.
Trump has publicly expressed the hope to complete the signing before the congressional recess in August, with strong expectations for policy implementation.
Market impact
The bill clarifies the legal status of stablecoins, significantly reducing policy uncertainty, directly driving the valuation restructuring of compliant companies like Circle, and propelling the rise of cryptocurrency financial concept stocks across the entire industry chain.
💎 4. Market trend interpretation
Nature of the market change
This round of increases reflects not only the volatility of coin prices but also points to a systematic reassessment of on-chain financial infrastructure on Wall Street, especially for compliant sector companies such as "stablecoin issuers" and "on-chain asset custodians".
