👉The Star Rise of Circle: 👉a jump of 530% after the initial public offering (IPO), as the stablecoin sector heats up

Shares of Circle Internet Group (CRCL) are approaching the $200 mark, closing at a price of $199.59 on Wednesday. This reflects a dramatic increase of 33.8% within the day and a stunning return of 530% from the initial public offering of shares on June 5 at a price of $31 per share. Volume reached a record 63.5 million shares on Wednesday, with an additional increase of 6% in after-hours trading. The rise follows the Senate's passage of the GENIUS Act, which establishes a regulatory framework for stablecoins. Circle issues 15,637,082,795, the second largest dollar-pegged stablecoin, with a market capitalization of $61.4 billion, representing 25% of the total stablecoin supply. The recent adoption of 77,976,670,520 includes integration with 47,223,955,909 Ledger and the plan of 65,032,333,516 Derivatives to make it collateral for futures trading by 2026. Even the Trump-related World Liberty Financial recently used its $1 stablecoin to fund a record investment of $2 billion in 49,077,444,138.