In brief
- Circle shares rose another 15% Monday, extending gains to roughly 60% since last week’s Q4 earnings.
- Analysts point to short covering, accelerating USDC growth, and regulatory clarity under the GENIUS Act.
- The rally comes as Bitcoin steadies near $68,000 amid the rising U.S.–Iran tensions.
Stablecoin issuer Circle’s shares jumped another 15% Monday, extending gains to roughly 60% since last week’s fourth-quarter earnings release, as investors poured into stablecoin-linked equities while broader crypto markets held firm.
The move follows the company’s announcement of 72% growth in its stablecoin USDC to $75.3 billion and 77% revenue growth to $770 million, despite a net loss tied to IPO-related compensation in the fourth…
