👉circl stellar rise: 👉530% jump after IPO as stablecoin sector heats up

Circle Internet Group (CRCL) shares are nearing the $200 mark, closing at $199.59 on Wednesday. 👉That reflects a dramatic 33.8% intraday gain and a staggering 530% return since its June 5 IPO at $31 per share. 👉Volume hit a record 63.5 million shares on Wednesday, with an additional 6% gain in after-hours trading.

👉The surge follows the Senate’s passage of the GENIUS Act, which establishes a regulatory framework for stablecoins. 👉 Circle issues #USDC , the second-largest dollar-pegged stablecoin with a market cap of $61.4 billion, representing 25% of the total stablecoin supply.

👉Recent adoption of $USDC includes integration with #xrp Ledger and #coinbase Derivatives’ plan to enable it as collateral for futures trading by 2026. As the sector gains momentum, major retailers like Walmart and Amazon have reportedly been considering launching their own stablecoins. 👉 Even #TRUMP -linked World Liberty Financial recently used its USD1 stablecoin to fund a record $2 billion investment in #Binance .