Reported about 7 hours ago
Circle stock (CRCL) saw a significant rally for the third consecutive day, driven by rising investor interest in stablecoins following recent Senate legislation that sets a federal framework for them. Shares surged nearly 10% after climbing as much as 20% earlier in the day, building on an impressive 80% increase from last week. Analysts highlight the opportunities created by partnerships in the digital asset space, starting with fintech firm Fiserv's plan to launch a new stablecoin leveraging Circle's infrastructure. Circle has shown over 800% growth since its IPO, positioning itself as a key player in the crypto market amid favorable regulatory developments.
Source: YAHOO