Circle, the issuer behind USD Coin (USDC), is approaching a massive $50 billion valuation after a stunning rally in its stock price.
Circle’s shares (CRCL) have skyrocketed over 540%, now trading near $200, since launching at $31, according to Yahoo Finance. This meteoric rise has lifted the company’s market valuation to around $48.4 billion.
Despite the surge, Circle still trails other crypto giants. Coinbase (COIN), the largest U.S. crypto exchange, holds a market cap above $75 billion, while Strategy (formerly MicroStrategy), renowned for its Bitcoin-heavy treasury, has topped $103 billion.
Analysts point to a wave of regulatory momentum driving Circle’s growth. This week, the U.S. Senate passed the GENIUS Act—a major bill aimed at regulating the issuance and usage of dollar-backed stablecoins.
Backed by President Donald Trump, the legislation now heads to the House of Representatives. If passed into law, it could solidify the legal framework for stablecoins, potentially boosting USDC’s credibility and fueling further adoption.
Image Credit: Pixabay
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