Circle’s market cap has climbed above $62.9 billion, now surpassing the value of its own USDC stablecoin supply near $61 billion. The surge follows Senate approval of stablecoin regulation legislation.
Circle Internet Group (NASDAQ: CRCL) is capturing Wall Street’s attention after its trading volume briefly outpaced Nvidia, while its valuation climbed above $62.9 billion.
The move reflects renewed investor interest in US-regulated stablecoins and the broader digital infrastructure powering them.
$62.9B Valuation Puts Circle Ahead of USDC Supply
Shares of Circle gained more than 11% on Monday, building on last week’s 80% rally sparked by the Senate’s approval of the GENIUS Act. The bill, seen as a major step toward stablecoin regulation, has positioned Circle at the center of institutional bets on compliant crypto infrastructure.
With USDC supply hovering near $61 billion, CRCL’s market cap now exceeds the outstanding value of its own stablecoin. Trading activity briefly surpassed Nvidia in dollar volume, placing it second only to Tesla.
Circle’s market cap ($62.9B) is now higher than all outstanding USDC (~$61B) pic.twitter.com/6LiSRMCvhc
— Garrett Skrovina (@GSkrovina) June 23, 2025
Two recent developments may be supporting the continued CRCL rally. First, Fiserv announced it will launch its FIUSD stablecoin using infrastructure from both Paxos and Circle, demonstrating Circle’s reach even among potential competitors.ReintentarClaude puede cometer errores. Verifique las respuestas.
Second, ARK Invest’s Cathie Wood reportedly sold a chunk of her CRCL holdings on Friday, yet the stock has continued climbing, signaling strong market confidence.
As of 1:50 p.m. EDT, CRCL traded at $264.14. Since debuting on June 5 at $31, the stock is up over 800%.
CRCL Holds $264 as Bulls Eye $300 Breakout
CRCL price dynamics | Source: TradingView
On the 15-minute chart, CRCL is testing support around $264 after hitting the upper Bollinger Band at $300. RSI has pulled back to 52, cooling momentum without turning bearish.
A bounce from this area could reignite upside toward $300–$320. However, losing trendline support might expose $238 as the next downside level.
Meme Power Meets Staking Rewards On Solana
As interest in regulated crypto infrastructure grows, new ecosystems are quickly gaining traction. Solaxy is the first-ever Layer 2 built on Solana, aiming to deliver high-speed scalability with 70% staking rewards and meme appeal.
With over $58 million raised, Solaxy is positioning itself as the go-to multichain solution for next-gen dApps. Users can join the Solaxy presale directly using crypto before the next listing phase.
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