๐๐๐ฅ๐๐๐ ๐ก๐ข๐ช ๐ช๐ข๐ฅ๐ง๐ $๐ฒ๐ฒ๐ ๐ข๐จ๐ง๐ฉ๐๐๐จ๐๐ฆ ๐๐ง๐ฆ ๐ข๐ช๐ก ๐จ๐ฆ๐๐ ๐ฆ๐ง๐๐๐๐๐๐ข๐๐ก
๐ Circleโs (CRCL) stock jumped 13% to $270.85, pushing its total market cap to $66 billion โ now worth more than the $60B circulating supply of its own stablecoin, USDC.
๐ผ This strong rally comes just weeks after Circle went public on the NYSE (June 5 IPO). The stock opened at $69 and has nearly quadrupled since its listing, showing huge investor interest.
๐ก ๐ช๐ต๐ ๐๐ ๐ ๐ฎ๐๐๐ฒ๐ฟ๐:
Investors believe Circle is much more than just USDC โ its value now includes:
๐ Blockchain-based payments
๐ณ Tokenization tech
๐ Yield-bearing reserves
๐ฆ Institutional-grade infrastructure
๐ง ๐ ๐ฎ๐ฟ๐ธ๐ฒ๐ ๐๐ ๐ฝ๐ฒ๐ฟ๐๐ ๐ช๐ฒ๐ถ๐ด๐ต ๐๐ป:
โItโs not just about the stablecoin. Circle fits perfectly into the future of regulated finance,โ said Chuck Zhang from PolyFlow.
โCircle flipping USDC means markets expect major capital inflows and stablecoin regulation soon,โ added analyst Leo Lanza.
๐ ๐๐ถ๐ด ๐ฃ๐ถ๐ฐ๐๐๐ฟ๐ฒ:
USDC remains the #2 stablecoin, behind Tetherโs $157B USDT.
Circleโs explosive growth could benefit other firms like Paxos and Maple Finance as investor appetite grows for real-world assets + stablecoins.
This may signal the start of a โtokenized dollar supercycleโ โ with Ethereum at the center.
Bottom Line:
Circle's stock now outshines its own stablecoin. Wall Street sees Circle as a core player in the next financial era โ blending crypto, compliance, and capital.