$USDC According to Yahoo Finance data, the stock briefly reached an all-time high of $200.90 before closing at $199.59. This movement marks an increase of almost 6.5 times from the company's initial public offering price of $31 set two weeks earlier on June 5.

This sharp rally occurred immediately after the US Senate passed the National Stablecoin Innovation and Protection Act, a bill that will establish a comprehensive federal framework for regulating dollar-backed stablecoins like Circle's USDC.