Circle’s Stock Soars 34% in a Day, Fueled by Stablecoin Legislation
- Keyword Financial
- Jun 19
- 3 min read
Introduction
Circle, the company behind the USDC stablecoin, saw its stock price soar by 34% in a single day, reaching a record high of nearly $200 per share on June 18, 2025. This surge came shortly after the U.S. Senate advanced the Guiding and Establishing National Innovation for US Stablecoins (GENIUS) Act, which is expected to provide a clearer regulatory framework for stablecoins in the United States. The new price is about 6.5 times higher than Circle’s initial public offering (IPO) price of $31, set just two weeks earlier.
Circle’s IPO has been one of the most remarkable in recent years, with the stock jumping 168% on its first day of trading and continuing to climb in the days that followed. The company’s rapid rise reflects growing investor confidence in the future of stablecoins and digital assets, especially as lawmakers move toward more supportive regulation. Circle’s USDC is the second-largest stablecoin in the world, and the company’s strong compliance record and partnerships with major financial institutions have helped boost its reputation among both investors and regulators.
The passage of the GENIUS Act in the Senate is seen as a major catalyst for Circle’s stock rally, as it signals a friendlier environment for stablecoin issuers and could pave the way for further adoption of digital dollars in mainstream finance. Analysts believe that the stablecoin market could grow tenfold in the coming years, and Circle’s strong market position puts it at the forefront of this trend. The company’s success also highlights the increasing integration of crypto companies into traditional financial markets and the growing importance of regulatory clarity for the industry’s future.
