Circle's stock price surged to $230, continuing to set new historical highs! The GENIUS stablecoin bill and fundamentals boosted CRCL's two-week surge of 530%.

On the evening of June 20, Taiwan time, the US dollar stablecoin USDC issuer Circle (CRCL) once rushed to $230 in the US stock session, hitting an all-time high again, and the current CRCL stock price temporarily fell back to $216.55, but it still rose 8.5% intraday, and it soared 98.14% in the past 5 trading days, at 31 per share since June 5 Since the US dollar was listed, it has risen by more than 530% in just two weeks, and the total market value has exceeded $50 billion. (Synopsis: From on-chain to Wall Street: Circle leads the skyrocketing, and these 13 crypto giants line up for IPOs) (Background supplement: Chinese state media sings about the instability of US stablecoins: Circle listing bubbles, US bond default will lead to decoupling) On the evening of June 20, Taiwan time, Circle (CRCL), the issuer of the US dollar stablecoin USDC, once rushed up in the US stock session At $230, it hit an all-time high again, and CRCL's stock price temporarily fell back to $216.55, but it still rose 8.5% intraday, and it soared 98.14% in the past five trading days, and since its listing at $31 per share on June 5, it has risen more than 530% in just two weeks, and the total market value has exceeded $50 billion. Source: Google Finance Stablecoin Bill Bullish and Fundamental Dual Drive According to The Block, the market generally attributed Circle's recent rally to the stablecoin regulation bill just passed by the US Senate. According to public information, the GENIUS Act (Guiding and Establishing National Innovation for U.S. Stablecoins Act) recently passed by 68 votes to 30, establishing the first federal-level regulatory framework for stablecoins, which is regarded as an important milestone for the cryptocurrency industry, and has been sent to the House of Representatives for consideration, and will be signed into force by President Trump after passing. According to the bill, the bill will allow banks, fintechs and retailers to legally use stablecoins. Market experts point out that regulatory clarity has greatly boosted market confidence, and Circle, as a major US stablecoin issuer, will directly benefit. In addition, in addition to policy dividends, Circle's fundamentals also support stock price momentum. The IPO was more than 25 times oversubscribed, with a market capitalization of US$6.9 billion on the first day of listing, and high institutional and retail participation. At the same time, interest income from investing in short-term U.S. Treasuries relying on USDC stablecoin reserves also allowed the company to generate revenue of about $16.8 and net profit of $157 million in 2024. Related reports Circle stock price broke through $200 to hit a new high! CRCL market cap has approached USDC issuance 80% Arthur Hayes Full text: Circle is grossly overvalued, but I advise you not to short Circle's stock price pulled 22% above $160 to continue to hit a record high! CRCL rose more than 420% in nine days, and the agency looked at $300 (Circle stock price rushed to $230 to continue the all-time high!) GENIUS Stablecoin Act and Fundamentals Assist CRCL Soaring 530% in Two Weeks" This article was first published in BlockTempo's "Dynamic Trend - The Most Influential Blockchain News Media".