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CRCL Stock Jumps on Bitcoin Surge Amid Growing Stablecoin Demand

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Circle Internet Group Inc., the company behind popular stablecoin USDC, saw its stock rise by 4.24% as Bitcoin surged above $71,000.

The increase in CRCL's share price comes amid growing optimism over expanding stablecoin adoption and increasing demand for digital currencies like Bitcoin.

Circle Internet Group posted revenue of around $2.75B last year with a solid 38.1% gross margin, indicating that the company is not just a story stock but has real top-line scale behind its hype.

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