L’explosive rise of +540% since Circle’s IPO
It’s the biggest bullish move Wall Street has made in the crypto sector in years. In just one day, Circle’s stock (CRCL) soared by 34%, with a further 6% spike in after-hours trading. A brutal yet logical reaction: the U.S. Senate has just passed a historic law to integrate stablecoins into the heart of the financial system.
Result: Circle closed at $199.59, reached $211.87 out of session, and now shows an increase of over 540% since its IPO on June 5th. The market is heavily betting on the future of USDC, and on the central role Circle could play in the future of digital dollar.
GENIUS Act: a regulatory turning point for stablecoins
At the center of this euphoria: the GENIUS Act, a bill supported by both Democrats and Republicans, which finally defines a legal framework for the issuance and management of stablecoins pegged to the dollar. The bill still needs to be approved by the House of Representatives and signed by President Trump, which seems already assured, given his enthusiasm shown on Truth Social.
The message is clear: stablecoins will no longer be tolerated, they will be promoted. A boon for Circle, which has been advocating for clear regulation around USDC for years, now the world’s second largest stablecoin.
Wall Street enters FOMO mode
On Wednesday, CRCL trading volume doubled, surpassing 60 million shares. Circle’s market cap soars above $48 billion, well beyond some traditional payment giants.
According to Bernstein analysts, this legal framework will “relocate stablecoin innovation” to the U.S., attracting projects that have been operating from abroad until now. Circle, already ultra-dominant in compliance, is seen as the natural big winner.
Why it changes everything for the crypto market
It’s much more than just a stock pump. This Senate vote, and the regulatory momentum it triggers, could mark the beginning of a cycle of positive regulation in the U.S. After years of battles against crypto, America is getting ready to regulate, and therefore legitimize, stablecoins.
For Circle, it’s a full validation of the model. For USDC, it’s an opportunity to become the official digital equivalent of the greenback. And for the entire market, it’s an institutional green light that many had given up hoping for.
Stablecoins = digital cash. Wall Street gets it.
