Circle stock jumps again as stablecoin momentum builds, boosted by new deals and Senate legislation

Benzinga

Circle (CRCL) stock surged nearly 10% on Monday, extending a three-day rally fueled by growing enthusiasm for stablecoins and supportive U.S. legislation. The stock, which has soared over 800% since its June 5 IPO, gained as much as 20% intraday following last week's Senate approval of the GENIUS Act, a bill that establishes a federal framework for stablecoins. Investor sentiment was further boosted by fintech giant Fiserv’s announcement of a new digital asset platform and stablecoin (FIUSD), which will be developed in partnership with Circle and Paxos. Analysts at Seaport Research and Innovating Capital praised Circle’s leadership role in the evolving crypto landscape, calling the company a top-tier disruptor. Circle's involvement in major deals is seen as a strong signal of growing crypto legitimacy.

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00:00It's Benzinga, bringing Wall Street to Main Street.

00:02Circle's stock surged nearly 10% on Monday,

00:05extending a three-day rally fueled by growing enthusiasm for stablecoins

00:08and supportive U.S. legislation.

00:11The stock, which has soared over 800% since its June 5th IPO,

00:15gained as much as 20% intraday by last week's Senate approval of the Genius Act,

00:20a bill that establishes a federal framework for stablecoins.

00:23Investor sentiment was further boosted by fintech giant

00:25FISCIR's announcement of a new digital asset platform and stablecoin,

00:29which will be developed in partnership with Circle and Paxos.

00:32Analysts at Seaport Research and Innovating Capital

00:35praised Circle's leadership role in the evolving crypto landscape,

00:38calling the company a top-tier disruptor.

00:41Circle's involvement in major deals is seen as a strong signal of growing crypto legitimacy.

00:45For all things money, visit Benzinga.com.

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