Circle Stock Soars Further After Senate Passes Stablecoin Bill Circle Internet Group shares are up 7% in intraday trading Friday, extending gains they have made since the Senate passed the GENIUS Act to establish a federal framework around the use of stablecoins
This week in crypto: Circle’s IPO, Farage’s crypto, BTC Vegas tensions . . . The Senate advanced the GENIUS Act, a bill aimed at establishing a federal regulatory framework for stablecoins The act introduces measures addressing foreign-issued stablecoins, mandates audits, prohibits offering yields, and enhances anti-money-laundering protocols
Circle’s $1. 05B IPO Just Changed Stablecoins Forever Circle, the company behind USDC, is officially public The firm raised $1 05 billion this week after selling 34 million shares at $31 each It now sits at a $6 8 billion valuation, or close to $8 billion on a fully diluted basis Shares will start trading Thursday on the NYSE under the ticker CRCL