Circle Stock Hits $200 Record After 34% Daily Gain, Surges on Stablecoin Bill Passage

Circle Internet Financial Ltd., the issuer of the USDC stablecoin, witnessed an extraordinary stock price surge on June 18, 2025, closing at $199.59 with a peak of $200.90 during intraday trading. 

This remarkable 34% daily gain propelled Circle’s stock to a new all-time high, representing over a sixfold increase from its IPO price of $31 earlier that month. 

The dramatic jump in valuation follows the U.S. Senate's approval of the Guiding and Establishing National Innovation for US Stablecoins (GENIUS) Act, a legislative milestone expected to redefine stablecoin regulations across the country.

Key Takeaways

• Circle’s stock soared 34% in a single day, reaching nearly $200 after the Senate’s GENIUS Act approval.

• The GENIUS Act provides a regulatory framework for stablecoins, enhancing investor confidence and industry growth.

• Coinbase and Robinhood stocks also gained significantly amid the positive sentiment.

• Circle benefits from the ability to earn interest on reserves backing USDC under the new regulation.

• The legislation is expected to accelerate stablecoin adoption and market expansion in the U.S.

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The GENIUS Act: Catalyst for Market Momentum

The GENIUS Act, which recently passed the Senate in a 51–23 vote, is now moving toward House consideration. 

This bill sets the regulatory groundwork for stablecoin issuers, requiring them to maintain full reserves backed by cash or short-dated Treasuries, prohibits yield payments on these reserves, and establishes clear licensing protocols. 

Importantly, the legislation stipulates that issuers with liabilities exceeding $10 billion must obtain federal charters, while smaller firms can operate under state-specific regulatory frameworks.

This regulatory clarity has been heralded as a turning point for stablecoin markets, reducing uncertainty and fostering institutional participation. 

Circle, the company behind USDC, is well-positioned to comply with the new rules without altering its existing revenue model since it already retains interest earnings on Treasuries backing the stablecoin.

Read more: GENIUS Act to Integrate Stablecoins into US Financial System: What It Means for Banks

Circle’s Stock Performance and Market Impact

Following the Senate vote, Circle’s CRCL shares experienced a significant rally, closing near the $200 mark and lifting the company’s market capitalization to over $48 billion. 

This performance ranks Circle among the strongest new listings on the New York Stock Exchange for the year, drawing considerable attention from investors.

Coinbase, Circle’s exchange partner, also saw its COIN shares rise by 14%, while Robinhood’s HOOD stock increased by 4.5%, reaching a new high of $78.35. 

These gains highlight broad investor enthusiasm across the crypto and fintech sectors, fueled by anticipation of a regulated stablecoin environment and expanding adoption.

Read more: 2025: The Year of Crypto IPOs? Circle's Stock Market Listing

Why Circle Stands to Benefit

Circle’s USDC stablecoin is the second-largest dollar-pegged stablecoin in the market, widely used across cryptocurrency exchanges, decentralized finance (DeFi) platforms, and enterprise applications. 

The company’s ability to earn interest on its reserve holdings offers a steady revenue stream, reinforcing investor confidence.

The GENIUS Act’s reserve requirements align well with Circle’s existing model, granting the company a regulatory advantage. 

Furthermore, Circle has a distribution agreement with Coinbase that allows the exchange to share in the interest income from reserves custodied on its platform, creating a mutually beneficial ecosystem.

Broader Implications for Stablecoins and Regulation

The passage of the GENIUS Act signals growing regulatory acceptance of stablecoins as legitimate components of the U.S. financial system. 

By setting standards for reserve backing, transparency, and licensing, the bill aims to protect consumers and financial stability while fostering innovation.

This clarity may encourage more firms, including traditional banks and fintechs, to issue their own stablecoins, potentially leading to a diverse and competitive market. 

The legislation also opens doors for integration with legacy finance, enhancing the utility and adoption of stable digital assets.

Read more: South Korea New Bill: Can Companies Make Their Own Stablecoins Now?

Market Sentiment and Future Outlook

Investor optimism surrounding Circle and related crypto stocks reflects confidence in the transformative potential of stablecoins. 

As stablecoins gain regulatory approval and institutional backing, their role in payments, remittances, and digital finance is expected to grow substantially.

Circle CEO Jeremy Allaire hailed the bill’s progress as “history being made,” emphasizing its importance for the U.S. economy and global competitiveness. 

Market watchers anticipate that, once enacted, the legislation will drive a new wave of growth and innovation across the stablecoin landscape.

FAQs

Q1: What is the GENIUS Act?

A1: The GENIUS Act is a U.S. Senate bill that provides regulatory guidelines for stablecoin issuers, focusing on reserve requirements, licensing, and consumer protections.

Q2: How did Circle’s stock react to the GENIUS Act?

A2: Circle’s stock surged 34% in a single day, reaching nearly $200 following the Senate’s approval of the bill.

Q3: What advantages does Circle have under the new legislation?

A3: Circle already complies with the reserve and transparency standards, allowing it to earn and retain interest on reserves, supporting its business model.

Q4: How will the GENIUS Act affect stablecoin adoption?

A4: The bill is expected to accelerate adoption by providing clarity, encouraging institutional participation and regulatory compliance.

Q5: Are other crypto companies also benefiting from the legislation?

A5: Yes, companies like Coinbase and Robinhood saw their stock prices rise due to positive market sentiment linked to the GENIUS Act.