Overview

• Circle’s shares have climbed more than 750% since its June 5 IPO, pushing market capitalization to nearly $63 billion.
• The Senate’s June 17 passage of the GENIUS Act provided the first federal framework for stablecoins and fueled an 80% week-on-week rally.
• Strategic deals with Fiserv and Ripple will extend USDC into traditional banking networks and the XRP Ledger blockchain.
• Major retailers including Amazon, Walmart and Shopify have begun accepting USDC for payments, marking growing mainstream adoption.
• Circle’s revenue relies on interest earned on reserves backing USDC, exposing profitability to potential headwinds from shifting interest rates.