CRCL Surpasses $77 Billion in Market Cap After Boost from GENIUS Act

CRCL Soars and New Position in VanEck Index

CRCL shares have seen a huge surge since the US Senate passed the GENIUS bill over the weekend, hitting $298 in morning trading, giving it a market capitalization of over $77 billion. The bill, which would regulate stablecoins by requiring them to be 100% backed by liquid assets like US dollars or Treasury bonds, has given investors a huge boost in the potential of Circle, the company that issues USDC, the world’s second-largest stablecoin.

Meanwhile, market reports show that CRCL is now the largest weight in the VanEck Digital Asset Index, rising from 11% to 13%, reflecting the company’s growing appeal in the digital asset space. This comes just weeks after Circle listed on the NYSE at an IPO price of $31, demonstrating the extraordinary growth of the stock.

The Stablecoin Boom and Circle's Role

The crypto market is peaking at $3.5 trillion in global capitalization in 2025, while Bitcoin and Ethereum ETFs attracted $50 billion in institutional inflows in the first quarter. Stablecoins, especially Circle’s USDC, play a central role in this ecosystem, facilitating liquidity for DeFi and cross-border payments. With over $61 billion in USDC in circulation, Circle has taken advantage of the high-interest environment to generate significant revenue from its reserves, although profits are down year-over-year.

The GENIUS Act, which is expected to be passed and signed into law by the House of Representatives this summer, marks a major step toward legalizing stablecoins in the U.S. This comes at a time when financial institutions like JPMorgan and BlackRock are also exploring the potential of digital assets, while the U.K. just saw Baillie Gifford’s first tokenized fund receive FCA approval.

Impact on the market

CRCL is benefiting from the GENIUS bill and its position in the VanEck Index, but the company needs to demonstrate its ability to diversify its revenue to maintain its growth momentum. The entry of large institutions into stablecoins will be an opportunity, but it will also require a long-term strategy.

This event boosts confidence in stablecoins, which could push ETH prices up due to increased demand on Ethereum. Projects like Zisk (zero-knowledge) could also benefit from this trend, while the market could see a wave of tokenization of real assets.

The GENIUS bill and the success of CRCL pave the way for traditional financial institutions to join the blockchain, similar to Baillie Gifford’s move. This could lead to a major shift in the global payment system.

Disclaimer: The information presented in this article is the author's personal opinion on the cryptocurrency field. It is not intended to be financial or investment advice. Any investment decision should be based on careful consideration of your personal portfolio and risk tolerance. The views expressed in the article do not represent the official position of the platform. We recommend that readers conduct their own research and consult with a professional before making any investment decisions.

Compiled and analyzed by HCCVenture

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