Circle approaches $50B valuation amid evolving regulatory landscape in the US

Circle's stock surges 540% amidst new regulatory environment favoring stablecoins.

Circle, the issuer of the USD Coin (USDC) stablecoin, is edging closer to a $50 billion valuation after a major rally in its stock price.

Since debuting at $31, Circle’s shares (CRCL) have climbed over 540%, now trading around $200, according to Yahoo Finance.

This surge has helped push Circle’s valuation to approximately $48.4 billion as of press time.While impressive, this figure still trails other major crypto-related firms. Coinbase (COIN), the largest crypto exchange in the US, is valued at over $75 billion. On the other hand, Strategy (formerly MicroStrategy), known for its aggressive Bitcoin accumulation, currently boasts a market cap north of $103 billion.

Market observers have suggested that Circle’s momentum appears tied to growing US regulatory clarity for the stablecoin industry.