Circle Internet Financial, the issuer of the USDC stablecoin, has seen its newly listed stock, CRCL, gain 5% on Tuesday after reporting robust revenue figures in the second quarter of the year following its initial public offering (IPO). USDC Circulation Soars 90% Year-Over-Year The uptick in Circle’s CRCL stock toward the $164 mark on Tuesday, comes on the heels of the recently passed GENIUS Act in both Congress and House of Representatives, which has spurred increased attention towards stablecoins and their applications in the financial market. According to Chief Financial Officer (CFO) Jeremy Fox-Geen, the company is witnessing a surge in institutional interest, stating, “After our IPO and the Genius Act, we’re seeing an acceleration of interest, with major institutions all leaning in. ” Related Reading: Bitcoin 4-Year Rhythm Fades Out As Fresh Market Forces Emerge: Expert Three weeks ago, President Donald Trump signed the country’s first crypto bill into law
source: https://www.newsbtc.com/news/stablecoin-leader-circle-beats-q2-expectations-crcl-stock-climbs-5/