Since debuting at $31, Circle’s shares (CRCL) have climbed over 540%, now trading around $200, according to Yahoo Finance.
This surge has helped push Circle’s valuation to approximately $48.4 billion as of press time.
Market observers have suggested that Circle’s momentum appears tied to growing US regulatory clarity for the stablecoin industry.
If signed into law, the bill could provide a legal backbone for Circle’s core business model, boosting investor confidence and mainstream adoption of USDC.
