- 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
Whale address loracle.hl offloaded 450k HYPE tokens in a full liquidation, cashing out more than 15 million USDC
Gate News message, April 6, Onchain Lens monitoring shows that the whale address loracle.hl has sold off all of its held 450,000 HYPE tokens, receiving a total of 15,012,000 USDC. Of this, 12,725,000 USDC has been transferred to a certain CEX.
GateNews1h ago
Create a new address and deposit 3.98 million USDC into Hyperliquid, opening a 20x short worth $20.25 million in ETH
Gate News report: On April 6, according to Lookonchain monitoring, ETH has returned above $2,100. Within the past 2 hours, a newly created address deposited 3.98 million USDC into Hyperliquid and shorted 9,526 ETH using 20x leverage (worth $20.25 million). It is currently down $255k unrealized.
GateNews1h ago
TRX/USDC trading pairs now available on Aerodrome, fueling cross-chain liquidity for TRON's ecosystem
This publication is provided by the client. The text below is a paid press release that is not part of Cointelegraph.com independent editorial content. The text has undergone editorial review to ensure quality and relevance, it may not reflect the views and opinions of Cointelegraph.com. Readers
Cointelegraph12h ago
Circle under fire after $285 million Drift hack over inaction to freeze stolen USDC
After the $285 million Drift hack, the focus is shifting to Circle (CRCL) and whether it could have done more to stop the money.
The attacker siphoned off roughly $71 million in USDC as part of the exploit Wednesday, according to blockchain security firm PeckShield. After converting most of the
CoinDesk04-04 19:22
Circle Mints Over $10B USDC on Solana in One Month
Circle has significantly increased USD Coin (USDC) minting on Solana, totaling over $10.25 billion recently. This surge indicates strong demand linked to crypto trading and DeFi growth, positioning Solana as a key player for stablecoin activity.
Coinfomania04-04 07:29
