Circle Internet Group’s stock (CRCL) has jumped by 387% since its public debut on the New York Stock Exchange on June 5, 2025. The stock, which launched at $31 per share, hit a record high of $165.60 on June 16 before closing the day at $151.06, up 13.10%.
The jump follows a strong wave of interest in crypto stocks from traditional investors. Circle, the company behind the USDC stablecoin, has seen growing support from both institutions and retail buyers. According to Yahoo Finance, the daily trading volume for CRCL reached $42.77 million on Monday.
Circle now issues USDC on several blockchains, with the XRP Ledger joining the list. This lets devs and businesses move the coin back and forth without paying costly bridge fees. In May, Circle’s cross-chain transfer protocol handled $7.7 billion, an 83% jump over April.
The IPO itself was one of the year’s biggest stories. Circle’s debut valued the company at nearly $7 billion. It also marked one of the largest single-day gains ever seen by a newly listed crypto-related firm.
The surge in price has led to some profit-taking. ARK Invest sold $51.7 million worth of its CRCL shares, trimming its $373 million position. Still, the stock continues to hold strong gains and remains one of the most talked-about crypto stocks on the market.
Circle’s growth comes as the U.S. Senate prepares to vote on the Stablecoin GENIUS Act. The bill is expected to be the first major crypto regulation passed this summer. Bernstein analyst Gautam Chhugani said in a note that “stablecoins have brought mainstream attention back to the underlying global rail, the blockchain, and its transformative potential over the long decade.”
Circle also recently turned down a $5 billion takeover offer from Ripple. CEO Jeremy Allaire said the company plans to continue growing independently, signaling confidence in its long-term vision.
USDC, Circle’s stablecoin, is backed by U.S. dollars and has $60 billion in circulation. It’s the second-largest stablecoin after Tether. The company makes most of its money from the interest earned on the reserves backing the token.
Also Read: GENIUS Stablecoin Act Faces Final Senate Vote Today
