Crypto
Circle Internet Group Inc.'s Stock Soars 2.18% on Bitcoin Strength and Rising USDC Demand
Circle Internet Group Inc.'s stock has surged by 2.18% as investors react to strengthening Bitcoin and rising demand for its USDC stablecoin.
The rally comes amid heightened enthusiasm over Circle's latest crypto payments expansion, with the company's stock trading sharply higher in premarket action alongside MicroStrategy and Coinbase.
Circle, now a Global X NYSE 100 component, saw its shares jump more than 9% after Bitcoin crossed $70,000 and a meeting between Donald Trump and crypto executives hinted at a friendlier U.S. policy stance.
The company's core product, USDC, is gaining traction with the launch of Hotcoin's new TradFi platform, which will feature USDC for 24/7 tokenized U.S. stock trading.