Circle Stock Shows No Signs of Slowing Down: Here’s Why

Circle CIRCL stock is soaring, spiking by nearly 10X from its IPO price. Several factors, including USDC growth, strategic partnerships, and regulatory clarity, are driving demand.

A few weeks before Circle, the issuer of USDC, a stablecoin pegged to the USD, went public with a $5 billion valuation, Ripple, a private company using XRP ▲7.87% in one of its core solutions, proposed a takeover, offering to buy the stablecoin issuer for $5 billion. However, the deal was rejected. Circle dismissed the proposal as too low, citing the rapid growth expected in the stablecoin market and their dominant position.

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The CIRCL Stock Mega Rally

Circle proceeded with its IPO on June 5, listing at $31. Since then, the CIRCL stock has been trading on the NYSE, gaining massive traction.

The CIRCL stock is defying the broader crypto market sell-off. Out of this,  early investors are in the money following steady gains in June.

According to market data, CIRCL closed at around $263 on June 23 but rallied as high as $298 before pulling back. Since gapping up after its NYSE listing on June 5, it has spiked by over 300%, with no signs of slowing down.

What will happen when people realize that, for the first time in history, they can buy a stock whose core business is literally printing dollars?
In my opinion, what's happening to @circle with a 100X pic.twitter.com/FWHFDo81qB

— Filippo_xyz (@Filippo_xyz) June 18, 2025

Interestingly, this rally occurs while SOL ▲6.85%, ETH ▲6.75%, and some of the best cryptos to buy are trending lower, reacting to turmoil in the Middle East.

A close above $300 today could see CIRCLE extend gains, rewarding early investors and even triggering FOMO, as seen when some of the best meme coin ICOs launch.

Financial market data, such as the Price-to-Earnings (P/E) Ratio, currently at around 3,311 based on earnings per share of $0.30, and the Price-to-Sales (P/S) Ratio, presently at 7.7x, point to a premium valuation.

These metrics are generally higher than peers in the fintech sector. This suggests that the market is pricing in aggressive growth for USDC and the stablecoin market.

As of June 24, the total stablecoin market stood at over $261 billion, with USDT by Tether Holdings dominating, holding more than 50% of the total stablecoin market cap.

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Will the Circle Rally Continue?

Several factors are driving CIRCLE stock demand.

With regulatory clarity in the United States, the stablecoin market is expected to surge in the coming years.

The passage of the GENIUS Act in the Senate was a bullish signal. Approval by the House and a signature from President Donald Trump, who supports crypto and indirectly owns a stablecoin company, would make it law.

The market is pricing in with higher confidence, expecting the act to become law by mid-2026. Once this framework passes, stablecoins backed by U.S. Treasuries will be legitimized, allowing institutions to gain exposure.

Beyond supportive regulations, Circle will likely continue scaling and generating more revenue. They earned  $1.5 billion in revenue in 2024, and the projected increase in USDC interest means revenue will likely rise, all from low-risk bonds.

Circle is also expanding its footprint and forming strategic partnerships. Fiserv will now issue, FIUSD, a stablecoin using Circle’s infrastructure.

Through this integration, Jeremy Allaire said Fiserv is positioned to “extend the benefits of stablecoin-based payments and open internet finance to thousands of financial institutions.”

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