#PowellRemarks The regulatory expectations surrounding stablecoins would be enhancing Circle's success in the U.S. market, motivating other crypto firms to take the step sooner rather than later.

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Circle (CRCL) stock rose 33.8% in a single day, and more than 530% since its debut on June 5.

The approval of the GENIUS Act on stablecoins boosted interest in companies like Circle and Coinbase.

USDC, the stablecoin issued by Circle, already represents 25% of the total market for this type of asset.

The stock of Circle Internet Group (CRCL), issuer of the USDC stablecoin, continues to rise significantly just two weeks after its debut on the stock market. The company has been the protagonist of one of the most successful launches of the year on Wall Street, driven by a favorable regulatory environment and renewed market interest in the stablecoin sector.

Circle shares on the rise

At the close of yesterday's edition, Circle shares were trading at USD $199.59, representing an increase of 33.8% from its opening price of USD $153.22, according to market data. The trading session also recorded a record volume of 63.5 million shares traded, according to Yahoo Finance.

On the same day, after the market closed, shares rose another 6% in after-hours trading. Since its initial public offering price of USD $31, set on June 5, the value of CRCL has increased by approximately 530%.

One of the key aspects linked to this evolution was the Senate's approval of the GENIUS Act, which seeks to establish a national regulatory framework for stablecoins. President Donald Trump publicly urged the House of Representatives to quickly pass the measure: “Get it to my desk, ASAP,” he declared.