TradingKey – Circle reported record Q1 revenue, driving the stock to a near two-month high; however, its future development is inextricably linked to the CLARITY Act.

On May 11, Eastern Time, the leading stablecoin stock Circle ( CRCL) released its fiscal Q1 2026 earnings report. The stock price dipped briefly before surging 15.91% to close at $131.76, hitting a high since March 17. Can Circle’s stock continue to rise and break through this resistance level? Circle stock price chart, source: TradingView

According to the released financial data, Circle’s total Q1 revenue grew 20% year-over-year to $694 million, a record high. However, substantial stock-based compensation expenses following its listing and heavy R&D investment caused…