Circle Internet Group (CRCL +15.91%) is a global technology company behind the USDC (USDC +0.02%) stablecoin. USDC is the second-largest stablecoin behind only Tether. And as excitement grows around USDC, so too does the bullishness around Circle Internet Group’s stock.

But there have been bumps along the way, namely, to do with the uncertainty around the Clarity Act, which is a key piece of reform in the crypto world. There were concerns that yields on stablecoins may be banned. However, recently, those fears were eased, and the crypto stock has been rallying. Is it destined to go even higher?

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Why stablecoin rewards are vital for Circle and USDC

A big incentive for people to buy and hold stablecoins is for…