Overview

• Circle shares trade around $187 as of mid-July, marking a roughly 500% gain since its June IPO
• Citi initiated coverage with a Buy rating and set a $243 price target, implying about 30% upside
• BlackRock’s roughly 10% stake highlights deep institutional confidence in Circle’s USDC stablecoin
• Senate approval of the GENIUS Act established clear reserve and disclosure rules, boosting market sentiment
• The launch of EURC, a euro-pegged stablecoin, advances Circle’s push into programmable payments infrastructure