Circle Stock Surges 5.1% Amid Revenue Growth and Strong USDC Circulation

Circle's stock price surged 5.1% on Friday to $66.51, trading above its key moving averages and indicating strong short-term and medium-term momentum.

The company reported $701 million in Q2 2026 revenue, a 7% annual rise alongside a 19% jump in average USDC circulation to $73.3 billion.

A renewed USDC distribution deal with Coinbase through 2029 and U.S. trust bank approval strengthen Circle's institutional partnerships and regulatory positioning.

The stock is expected to consolidate within a range of $62.9 to $70.21 over the next 2-3 trading days, reflecting typical volatility around current levels.