Circle shares extend their rally after Senate passes landmark stablecoin bill
Circle Internet Group New York Stock Exchange in New York, USA, USA, 5 June 2025.
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Shares Apartment Investors continued to climb the proposed Stablecoin legislation on Friday while applauding the senate approval and the approval of the Genius Law.
As the excitement increased, the stock increased by more than 20%. The bill crossed the Senate on Tuesday and is now going to the House of Representatives. Stocks increased by 33% on Wednesday. Sunday was closed on Thursday for June holiday.
Coin Stocks increased by 4.5%. The crypto exchange operator receives half of the income from the interest earned in Circle’s USDC reserves. In addition, it makes 100% of the interest in the USDC, which is organized directly on its platform.
The apartment is at the rate of approximately 80%of the week. Since his first public offering on June 5, he made about 675% rockets.
Stablecoins are crypto currencies, usually fixed to the US dollar to another asset. Stablecoins, which are traditionally used as bridge currencies for crypto traders, brings back the crypto policies of the Trump administration, while benefiting from increasing interest by banks and payment companies.
Stablecoins attracted the attention of the investor with the expectation of clarifying clarity from Congress, as they have the potential to make payments faster and cheaper. Amazon And Walmart It is reported that they are investigating the possibility of using or publishing their own stablecoins. Uber– Apple and Airbnb Among the other major companies that have been reported to have discovered Stablecoins in recent weeks.
The law (the abbreviation and establishment of national innovation for the US Stablecoins) aims to establish a regulatory framework for the use of Stablecoins. The Assembly has its own stablecoin legislation in the works called stable action.
“The Genius law will accelerate the dollar payment rails, settlements, will increase transparency, promote dollar domination, promote dollar dominance, will encourage dollar domination, and raise the US demand for fruit juice.” He said. “The bill will create a way for innovators and officials to use public block chains to carry worldwide, while adding important consumer protection, collateral requirements and regulatory supervision. BitcoinCrypto and [decentralized finance] generally.”
