#CryptoStocks

Following the U.S. Senate's approval of the GENIUS Act, which introduces a federal framework for stablecoins requiring full-reserve backing and monthly audits, several crypto-adjacent stocks have surged dramatically. Circle (CRCL), issuer of USDC, saw its shares jump between 16%–22%, reaching around $182.

Meanwhile, Coinbase (COIN) rallied approximately 16–17%, trading near $295–$297, as it prepares to roll out a stablecoin payments feature integrated with Shopify.

Why This Matters

Regulatory clarity has eased fears around stablecoins, giving confidence to institutional and retail investors.

Circle and Coinbase are direct beneficiaries: Circle holds reserves and issues USDC, while Coinbase deeply integrates USDC into its trading and payment infrastructure.

Analysts and crypto advocates are calling this moment a “Stablecoin Summer”, suggesting stablecoins are transitioning from niche assets into foundational financial infrastructure.