Circle Internet Group Stock Jumps as USDC Stablecoin Circulation Soars
1. CRCL exceeded revenue and EBITDA estimates in Q2 financial report. 2. USDC circulation increased by 90% year-over-year, enhancing market position. 3. The GENIUS Act supports CRCL's strength as a regulated stablecoin issuer. 4. Shares jumped nearly 8% following better-than-expected earnings report. 5. CRCL trades 450% above IPO price of $31, reflecting strong market performance.