#CryptoStocks

Circle (CRCL) surged 34% to a new all-time high after the U.S. Senate passed the GENIUS Act, igniting optimism around stablecoin regulation and pushing crypto equities higher. Circle’s blockbuster IPO has become a focal point—many now see it as the beginning of a wave of public listings from major crypto firms.

But the key question remains: Is real investor demand driving this surge in crypto IPOs—or is it just another hype cycle?

Circle, the issuer of $usdc, has long positioned itself as the compliant alternative to USDT. With regulatory momentum now behind it, USDC could gain new ground—especially as institutions look for transparent, regulated stablecoin infrastructure.

Meanwhile, $usdt remains dominant in volume, but interest in newer entrants like $FDUSD continues to rise, particularly among Asia-based trading desks and DeFi protocols.

Who’s next to go public? Ripple, Kraken, Anchorage, or even Tether? The path is clearing—regulatory clarity might finally unlock the next era of crypto finance.