The firm had earlier sold Circle shares in three tranches.
Circle’s blistering rally reflects investor hunger for stablecoin exposure, but lofty valuation multiples are raising eyebrows.
Fiserv Inc., a major player in global payments and financial services, has unveiled plans to launch a USD-pegged stablecoin called FIUSD on the Solana blockchain, according to a June 23 statement. The Nasdaq-listed company stated that the stablecoin was built using infrastructure from Paxos and Circle. It is expected to go live by the end […]
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The Fortune 500 fintech provider plans to roll out its digital asset platform with U.S. dollar stablecoin FIUSD to 10,000 institutions and 6 million merchants.
NYSE-listed Fiserv plans to launch a stablecoin on Solana this year, using technology from Paxos and Circle amid upcoming U.S. laws.
The move comes as ARK added shares of AMD, Shopify, and Taiwan Semiconductor Manufacturing Company.
Shares are higher by another 20% today, already surpassing Seaport's lofty $235 price target.
Venture capital activity in the crypto space has seen a significant rebound this month, with total investments crossing $1.5 billion by June 20, according to DeFiLlama data. This marks the strongest monthly performance since March 2025 and signals growing confidence in blockchain startups after a quieter second quarter. The raised funds are more than double […]
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Wednesday’s rally reflects investor confidence that Circle will be the chief beneficiary if the U.S. formally embraces stablecoins as digital cash equivalents.
The XRP Ledger (XRPL) is witnessing increased network activity, which is bullish for its native token’s price. On-chain data also shows that whales are actively accumulating XRP, with the addresses holding one million coins recently reaching a new high. XRP Ledger Records Massive Growth In Past Week In an X post, on-chain analytics platform Santiment revealed that the XRP Ledger is showing signs of growth, from both a usage and key stakeholder perspective. The platform revealed that there are now over 2,700 whale and shark wallets holding at least 1 million XRP for the first time in the token’s 12-year history. Related Reading: Is There A “Secret XRP Ledger” And Is The Price Really At $1,000? Additionally, Santiment stated that the number of active XRP addresses has averaged over 295,000 daily over the past week. This is notable as the normal daily average over the past three months was between 35,000 and 40,000. It is worth mentioning that the XRPL recorded some major developments last week. One is the launch of Circle’s USDC stablecoin on the XRP Ledger. This is expected to boost network activity given the increasing demand for stablecoins. Crypto analyst Moon Lambo predicted that this would increase the total value locked (TVL) on the network. He also noted how this was bullish for the XRP price, since users will need the token for every USDC transaction. Furthermore, Ondo Finance launched its tokenized US treasury fund (OUSG) on the XRP Ledger last week, which could have also contributed to the surge in network activity. The BlackRock-backed fund will be mintable and redeemable using the RLUSD stablecoin. Meanwhile, Guggenheim also recently partnered with Ripple to launch the first Digital Commercial Paper on the XRPL. Expert Predicts Price Rally Above $4 Amid the surge in network activity on the XRPL, crypto analyst Javon Marks has predicted that the XRP price could rally above $4 and even reach as high as $8. He stated that the altcoin is holding a clear breakout and is getting ready for a major bullish continuation. Marks added that the targets are at $4.80 and $8, marking new all-time highs (ATHs) for XRP. Related Reading: These Factors Will Drive XRP Price To $25-$75 In June – Analyst Crypto analyst Dark Defender recently alluded to a previous analysis in which he stated that the XRP price could make a decision within two weeks. The analyst is confident that the altcoin could rally to as high as $6 on this Wave 5 impulsive move to the upside. He has also previously predicted that XRP would reach double digits in this market cycle. On the other hand, it is worth mentioning that the XRP price has again dropped below the $2.25 level. Crypto analyst CasiTrades had warned that the support levels at $2.01, $1.90, and $1.55 could be in play if the $2.25 level holds as resistance. At the time of writing, the XRP price is trading at around $2.16, down over 3% in the last 24 hours, according to data from CoinMarketCap. Featured image from Adobe Stock, chart from Tradingview.com
The GENIUS Act is seen as a major win for stablecoin issuers like Circle and the crypto industry at large.
Ark Invest, the investment management firm led by Cathie Wood, has sold off over $50 million of its holdings in Circle Internet Group (CRCL), the issuer of the USDC stablecoin. On June 16, Ark dumped 342,658 CRCL shares valued at approximately $51.7 million, based on the day’s closing price of $151.06, according to Yahoo Finance […]
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Cathie Wood’s firm looks to take profit as Circle shares surge nearly fivefold from the IPO.
Ripple CEO Brad Garlinghouse predicted that XRP could soon take a chunk of SWIFT’s trading volume. Meanwhile, Circle’s USDC recently launched on the XRP Ledger (XRPL). Both developments could provide a huge boost for the XRP price, given the altcoin’s role in the XRPL ecosystem. XRP Price Gets A Boost With Ripple CEO Garlinghouse’s Prediction At the XRPL Apex Conference, Brad Garlinghouse predicted that the XRP could capture 14% of the volume that SWIFT processes by 2030. He noted that SWIFT has two key components: messaging and liquidity. The Ripple CEO added that liquidity is where the power lies and that if XRP drives the liquidity layer, it would gain significantly. This could also spark a surge in the XRP price in the process. Related Reading: Ripple Issues Stern Warning To Investors As CEO Celebrates New XRP Milestone Ripple uses XRP for its payment services, which it runs on the XRPL. In this case, Ripple is betting on taking 14% of SWIFT’s trading volume because of how fast and easy it is to process these cross-border transactions using blockchain technology. This isn’t the case for SWIFT, as the platform focuses more on interbank messaging for these cross-border transfers. In a now-deleted X post, pro-XRP lawyer John Deaton commented on this prediction and what it could mean for the XRP price. He stated that SWIFT processes approximately $5 trillion in transactions daily. This means that 14% of SWIFT’s daily market volume equates to $700 billion daily or approximately $175 trillion annually. Deaton failed to give a particular price prediction based on these numbers. However, Fruition, another XRP community member, provided a calculation that could put the XRP price in triple digits. In an X post, they noted that SWIFT moves 150 trillion per year and that 14% of that is 21 trillion. Fruition added that 21 trillion through the XRPL means 58 billion tokens, which equates to $357 for the XRP price. Circle’s USDC Launches On XRPL In an X post, Circle announced that its USDC stablecoin is now available on the XRP Ledger, another development that is bullish for the XRP price. The stablecoin firm noted that XRPL users will now be able to use USDC for DeFi liquidity provisioning, payments, and it could also serve as a settlement option for infrastructure apps. Related Reading: Daily Timeframe Says XRP Price Is On The Verge Of Breakout Crypto analyst Moon Lambo broke down why the USDC launch on XRPL is bullish for the XRP price. He stated that this development will substantially increase the total value locked on the network, which is a major predictor of whether the XRP price will appreciate. The crypto analyst added how this provides additional utility for XRP. He noted that the altcoin will be used to pay gas fees on every USDC transaction on the network. At the time of writing, the XRP price is trading at around $2.15, up almost 2% in the last 24 hours, according to data from CoinMarketCap. Featured image from Getty Images, chart from Tradingview.com
Circle is up 13% on news that Amazon and Walmart are moving into stablecoins.
US Treasury Secretary Scott Bessent told lawmakers that dollar-pegged stablecoins could swell to more than $2 trillion in the next few years. He spoke at a Senate hearing this week. His outlook came as Congress moved to set new rules on how these tokens must be backed. Related Reading: TRX Price Up As Tron Rolls Out The Red Carpet For Trump-Backed Stablecoin Growth Forecast Details According to Bloomberg, Bessent said a leading industry group expects the stablecoin market cap to top $2 trillion. He called that view “very reasonable.” It would mean backing up to $2 trillion in tokens with US Treasury Bills. Based on reports, Citigroup analysts think issuers might buy an extra $1 trillion in those bills by 2030. Treasury Secretary Scott Bessent said that dollar-linked stablecoins could hit $2 trillion or even more as he reiterated the potential for these digital assets to strengthen the greenback’s position https://t.co/HwVRu0aPkT — Bloomberg (@business) June 11, 2025 Backing Rules Move Forward Lawmakers voted to advance a key amendment to the GENIUS Act, which would force stablecoin issuers to hold reserves in top-tier assets. The amendment won cloture yesterday. That clears the way for a final vote, likely early next week. Supporters say the change will boost confidence by ensuring every dollar-linked token has real backing. Market Size Today Right now, the total stablecoin market sits at about $255 billion. Dollar-pegged coins make up roughly $233 billion of that. That equals 90% of the whole market. The top nine dollar-pegged coins include USDT, USDC, USDe, DAI, USD1, FDUSD, PYUSD, TUSD, and USDD. They account for nearly all stablecoin activity. Challenges Ahead Regulators have work to do. If the GENIUS Act stalls or changes, issuers might head to friendlier markets. There’s also a risk that a handful of big players could dominate. That could create new “too big to fail” worries if a major issuer faces trouble. Plus, tech glitches and smart-contract bugs could still trigger runs on tokens. Related Reading: Relentless Bitcoin Accumulation: Strategy Snaps Up 1,045 More BTC If stablecoin use really takes off in cross-border payments and decentralized finance, the US dollar could win new fans overseas. Every $1 trillion in token issuance backed by Treasury Bills might add to demand for US debt. But the path isn’t guaranteed. Lawmakers must iron out rules that balance safety with innovation. Issuers need strong risk plans. And users must see clear benefits beyond speculation. For now, the market is small compared with the broader financial system. But the shift toward programmable money keeps pace. Featured image from Sygnum Bank, chart from TradingView
Circle, a US-based publicly traded crypto firm, has expanded the reach of its USD Coin (USDC) stablecoin to the XRP Ledger (XRPL), adding another blockchain to its growing ecosystem, according to a June 12 statement. On-chain data shows that around $2 million worth of the asset had been minted on the network as of press […]
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The U.S. president addressed an annual Coinbase event.
Tokyo-based SBI Group has invested $50 million in USDC stablecoin issuer Circle following its $1.1 billion debut on the New York Stock Exchange.
Shares are up another 9% in volatile action on Monday, now having nearly quadrupled in price since the IPO late last week.
Circle’s CRCL shares are drawing strong interest following the company’s recent listing on the New York Stock Exchange. The firm, best known for issuing the USDC stablecoin, has seen its stock price rise sharply since launch. Data from Yahoo Finance shows Circle’s stock climbed nearly 22% in pre-market trading, reaching above $130 before retracing slightly […]
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Shares of Circle Internet Group, the issuer of the market’s second-largest stablecoin, USDC, experienced a remarkable surge on Thursday, skyrocketing 168% as the company made its debut on the New York Stock Exchange (NYSE). Circle’s IPO Exceeds Expectations Circle’s stock opened at $69, well above its IPO pricing of $31. Throughout the day, the shares reached a peak of $103.75, showcasing strong investor enthusiasm. The IPO was priced late Wednesday, exceeding the anticipated range of $27 to $28, and substantially outpacing an earlier range of $24 to $26. This pricing strategy valued the company at approximately $6.8 billion before trading commenced. Related Reading: Messari Flags XRP’s Silent Rise As A Treasury Favorite—Here’s Why By the end of the trading session, Circle’s trading volume reached about 46 million shares, far surpassing the number of freely floating shares available. This impressive performance positions Circle alongside other cryptocurrency firms like Coinbase, Mara Holdings, and Riot Platforms as a notable player in the US market. CEO Jeremy Allaire emphasized the importance of building relationships with governments and policymakers, stating, “To realize our vision, we needed to forge relationships with governments… it’s got to work in mainstream society and you need to have those rules of the road.” Allaire highlighted Circle’s commitment to compliance and transparency, which he believes has contributed to the company’s success in a challenging regulatory environment. Could Higher Prices Follow For Future Listings? The strong debut of Circle’s IPO could signal a shift in how institutional investors approach upcoming listings, potentially leading to higher initial public offering prices for future offerings. Notable companies preparing for IPOs include Omada Health, which is pricing on Thursday, and Klarna, a fintech firm set to list next week. While Circle’s IPO share price initially set its market value at $6.1 billion—below its last private market valuation of $7.7 billion from 2021—Thursday’s trading surge adjusted that figure. Related Reading: Crypto Analyst Warns: This Bitcoin Bull Cycle Looks Nothing Like 2017 or 2021 By the close of trading, Circle’s market capitalization, excluding employee options, stood at an impressive $16.7 billion. The company successfully raised approximately $1.1 billion through the offering. Circle’s journey to this point has been marked by challenges, including its previous attempt to go public. Circle’s previous attempt to go public via a merger was with a special purpose acquisition company (SPAC), which collapsed in late 2022 due to regulatory hurdles. The company’s largest outside shareholders include General Catalyst and IDG Capital, holding approximately 8.9% and 8.8% of all stock, respectively. Other significant backers such as Accel, Breyer Capital, and Oak Investment Partners continue to support Circle’s vision in the evolving crypto marketplace. Featured image from DALL-E, chart from TradingView.com
Circle shares surged on the company's New York Stock Exchange debut, climbing as high as $103.75, around 50% higher than its opening price of $69.
The euphoric action harkens back to the 2021 Coinbase IPO, which didn't end well for those who piled in near the high.
Coinbase's April 2021 debut marked what was then an epic price top for bitcoin.
The stablecoin issuer’s IPO arrives as investors brace for more market headwinds and regulatory change while stablecoin demand grows.
Circle, the issuer of the USDC stablecoin, officially began trading on the New York Stock Exchange (NYSE) on June 5 under the ticker symbol CRCL. The listing milestone marks a significant milestone for the firm as it becomes one of the few major crypto-native companies to go public through a traditional listing. Circle CEO Jeremy […]
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Circle’s IPO exceeds expectations with a surge in demand, pushing shares above the marketed range.
Pricing for the stablecoin issuer's public offering is expected during the U.S. evening hours on Wednesday.
CoinRoutes chief executive Dave Weisberger detonated a fresh round of anxiety in the XRP market on Monday when he asked, on Scott Melker’s podcast, whether Ripple Labs could finance a takeover of Circle “for $10 to $20 billion” without off-loading roughly $10 billion in XRP. “Who’s going to buy the $10 billion worth of XRP they would need to sell out of their treasury?” Weisberger said, warning that a sudden supply surge could overwhelm order books and “hammer the price.” Is A XRP Sell-Off Conceivable? Within hours, pro-XRP attorney Fred Rispoli fired back on X. “I love @daveweisberger1, but on this point he is mcgloning so hard,” he wrote, invoking Bloomberg strategist Mike McGlone’s reputation for bearish hyperbole. “Just based on what I’m getting offered for my Ripple shares on the secondary market, I don’t think Ripple would even have to sell one XRP to buy Circle.” Rispoli agreed that Ripple cannot raise $10 billion in pure cash, yet insisted the company could “easily afford the acquisition for a mix of cash and debt” and a heavy equity-swap. Related Reading: $3 XRP Dream Delayed—No Bull Run Before November, Says Top Analyst When Weisberger replied that Circle’s board would likely demand hard dollars unless it accepted Ripple equity or XRP “without a haircut,” Rispoli dug in. “No way to get $10B in cash—and $10B is too high anyway,” he wrote, citing late-2024 private-research valuations that placed Ripple at $15 billion excluding its ~36 billion escrowed XRP. If Circle’s price tag fell to $7–9 billion, he said, Ripple could close with “$1–3 billion cash on hand, a heavy stock exchange, and debt,” especially with “all that GCC money sloshing around crypto world right now.” Rispoli conceded it would be “a reach” but “doable without meaningfully selling XRP.” Weisberger acknowledged the math—“That’s a reasonable analysis,” he wrote—yet cautioned that any price at the upper end of Rispoli’s range “could be some short-term pain for us XRP holders.” Ripple’s tender-offer buyback in January 2024 valued the company at $11.3 billion, disclosing more than $1 billion in cash and about $25 billion in digital assets—mostly XRP—on its books. The firm still controls roughly 52 billion XRP (about 40 percent of supply), though 36 billion sit in timed escrow releases, limiting immediate access. At today’s $2.20 spot price, the spendable portion is worth a little under $35 billion, but moving even a fraction quickly would collide with thin venue depth—a point Weisberger hammered home. Related Reading: Wave Count Analysis Reveals The XRP Price Trigger Point For Take-Off Ripple’s cash pile also shrank after its $1.25 billion purchase of prime broker Hidden Road in April, a deal settled with a blend of cash, equity and RLUSD stablecoins. That acquisition suggests the company prefers hybrid structures, bolstering Rispoli’s claim that Treasury XRP need not flood the market. Is Circle Even For Sale? The debate may be academic. Circle, issuer of USDC, has repeatedly declared it “not for sale” while marching toward a New York Stock Exchange listing that now targets a $7.2 billion valuation. Ripple’s rumored approach earlier this spring reportedly topped $5 billion, well below Weisberger’s stress case and within Rispoli’s “doable” band, but Circle rebuffed the talks and updated its S-1 two weeks later, enlarging the float rather than seeking a buyer. Strategically, Ripple already fields its own dollar-token RLUSD, launched in January and positioned by president Monica Long as “complementary to XRP, not a competitor.” Absorbing USDC’s issuer would instantly rocket Ripple towards the size of Tether. Even under Rispoli’s optimistic structure, Ripple might still need to liquidate several hundred million dollars’ worth of XRP for working capital and closing costs. At current volumes, unloading just 500 million XRP (≈ $1.1 billion) would equal half a week of global turnover—enough to distort price unless executed as private blocks. At press time, XRP traded at $2.19. Featured image created with DALL.E, chart from TradingView.com