- 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
Resolv Attacker Spent 200,000 USDC to Mint 80 Million USR, Already Purchased 9,111 ETH
Onchain Lens detected that the Resolv attacker spent 200,000 USDC to mint 80 million USR and has already used it to purchase 9,111 ETH. The attacker is still converting USR to other cryptocurrencies and may continue to accumulate ETH.
GateNews9h ago
ResolvLabs Stablecoin USR Suspected Vulnerability, Sharp Plunge of 74.2% to $0.257
Gate News reports that on March 22, according to on-chain analysts' monitoring, ResolvLabs stablecoin USR allegedly experienced a vulnerability. A certain address minted 50 million USR tokens using 100,000 USDC, causing USR to plummet to $0.257 in the short term, representing a decline of 74.2%. Subsequently, the price recovered somewhat and is currently trading at $0.7847. As of press time, the ResolvLabs team has not yet responded to this incident.
GateNews9h ago
USDC circulation increased by approximately 400 million in one week, with total circulation reaching 7.91 billion
Gate News, March 22: According to data on Circle's official website, during the week ending March 12 local time, USDC issued approximately 5.2 billion, redeemed approximately 4.8 billion, with circulating supply increasing by approximately 400 million. As of March 19 local time, USDC total circulating supply was approximately 79.1 billion, with reserve asset value approximately $79.4 billion.
GateNews10h ago
# Accumulated Long 120,000 ETH Whale Turns from Profit to Loss, Deposits 5 Million USDC Margin Possibly to Avoid Liquidation
According to on-chain analysts' monitoring, a whale address has accumulated holdings of 120,000 ETH and 700 BTC, valued at $298 million. Currently, the ETH position shows an unrealized loss of $309,000, while the BTC position shows an unrealized gain of $403,000. The address just deposited 5 million USDC to Hyperliquid to avoid liquidation.
GateNews10h ago
