With the near-passage of the GENIUS Act and a host of companies announcing stablecoin initiatives, stablecoin-related assets have been on a tear. Circle, issuer of USDC, has seen its stock rise about 500% since its debut on June 5. This week, the company was valued at a staggering $77 billion, which is well above the total market cap of USDC itself (about $62 billion).
Bullish signals for stablecoins were all around:
CRCL is now the most popular foreign stock in South Korea. The leading stablecoin issuer, Tether, has so much spare cash it can afford to have a determinative stake in Juventus, an Italian soccer team.Coinbase, which actually makes more money from USDC than Circle, has seen its stock rise to its highest level in four years. Even Euro-backed stablecoins, long a forgotten cousin of USD coins, are surging. Combined, they’re up 44% on the year, led by Circle’s EURC.
Stablecoins are the „quiet winners” from prediction markets like Polymarket. And so on.
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We współpracy z: https://www.coindesk.com/news-analysis/2025/06/27/coindesk-weekly-recap-stablecoins-dominate-the-cycle
