- Circle stock jumped after strong USDC growth and rising revenue.
- Clear U.S. stablecoin regulations boosted investor confidence.
Shares of the circle have continued to climb on Monday by rising 15% and extended gains to nearly 60% since the company reported its fourth quarter earnings last week. The stock is now trading around $96, up more than 70% over the past month
USDC’s growth
The main reason behind the stock surge is strong growth in Circle’s stablecoin. Circle says that USDC supply increased 72% year over year to $75.3 billion, and the transaction volume reached $11.9 trillion, up 247%, with revenue rising 77% to $770 million. Investors appear focused on the company’s strong growth rather than the short-term loss
Investors’ confidence has also improved due to the clearer rules for the stablecoin in the U.S. Trump has signed the Genesis Act into law, and the act sets rules for the stablecoin issuer and aims to strengthen oversight. Recently, the U.S. Office of the Comptroller of the Currency shared details on how the law will be implemented
The rally in the Circle shares in happening while markets react to the geopolitical events. Following a U.S. military operation in Iran, Bitcoin briefly sold off before stabilizing. Meanwhile, oil and gold prices rose due to supply concerns, and investors shifted attention to the defensive crypto assets like stablecoins
Some analysts say that the Circle is no longer viewed simply as a cryptic company. Instead, it is increasingly seen as a part of the future of AI-poweredpayments infrastructure. Investors currently see Circle as a stable player in the digital asset industry, while risk remains in the broader market
Highlighted Crypto News:
Iran Crypto Volume Drops 80% After US-Israel Strikes
Disclaimer: The information on this page may come from third parties and does not represent the views or opinions of Gate. The content displayed on this page is for reference only and does not constitute any financial, investment, or legal advice. Gate does not guarantee the accuracy or completeness of the information and shall not be liable for any losses arising from the use of this information. Virtual asset investments carry high risks and are subject to significant price volatility. You may lose all of your invested principal. Please fully understand the relevant risks and make prudent decisions based on your own financial situation and risk tolerance. For details, please refer to
Disclaimer.
Related Articles
BIS Warns Dollar-Denominated Stablecoins Like USDT and USDC Pose Financial Stability Risk
Gate News message, April 21 — The Bank for International Payments (BIS) has reiterated concerns about stablecoins, with Managing Director Pablo Hernandez de Cos warning that dollar-denominated stablecoins such as USDT and USDC are fundamentally riskier than commonly perceived.
Cos stated that
GateNews11h ago
Whale Deploys $10M USDC on HyperLiquid, Opens Major Oil Short Positions
Gate News message, a newly created wallet address "0xEbE" deposited $10 million USDC into HyperLiquid and opened a 63,000 BRENTOIL short position with 20x leverage. Another wallet "0x9D3", linked to the same whale, holds 20x short positions of 250,000 BRENTOIL (valued at $22.5 million) and 210,000 C
GateNews18h ago
RedotPay Adds SUI and Native USDC-Sui Support, Enabling Payments in 100+ Countries
RedotPay has integrated SUI and USDC-Sui, allowing users to spend tokens and transfer funds in local fiat across 100+ countries. With 7 million users and $10 billion in annual payments, RedotPay is already profitable. The integration highlights fintech's shift towards blockchain solutions for international transactions.
GateNews19h ago
Justin Sun Deposits $55.01M USDC to Spark Protocol, Cumulative Deposits Reach $179M
Justin Sun withdrew 55.01 million USDC from a major CEX and deposited it into the Spark protocol, totaling $179 million in deposits since Aave's bad debt incident, highlighting Spark's growing liquidity.
GateNews04-20 16:01
