Circle Internet Group Inc., the company behind USDC, is making serious Wall Street waves. Since its IPO on June 5 at $31, its stock has exploded nearly 750%, closing at $263.45 before a recent dip. While that 17% drop might concern some, the rally has put Circle front and center in the digital finance revolution.
This insane growth happened alongside the U.S. Senate’s approval of the GENUIS Act, a new bill setting stablecoin rules—something both the crypto world and former President Donald Trump are backing. Trump’s rumored ties to World Liberty Financial, a $2 billion stablecoin firm, have only added fuel to the hype.
Meanwhile, giants like Fiserv are launching their own digital dollar, FIUSD, in collaboration with Circle and Paxos. Even Mastercard is getting involved, partnering with Fiserv to power stablecoin payments. Insiders say Walmart and Amazon may soon follow with their own coins.
But not everyone’s convinced.
Analysts like Trevor Williams from Jefferies warn stablecoins aren’t real payment threats to Visa or Mastercard. He argues most Americans will stick with credit cards for rewards and ease. Others highlight risks like Circle’s high price-to-earnings ratio (180 vs. 22 S&P average) and its low free float (25%), which makes the stock more volatile.
Still, Circle isn’t slowing down. The company is building cross-border payment systems and teaming up with Shopify to accept USDC globally.
In short, stablecoins are no longer just hype—they’re knocking on the doors of mainstream finance. Whether the trend holds or crashes depends on regulation, user trust, and how fast traditional players adapt.
You might also like: Ex-Hedge Fund Execs Plan $100M BNB Buy via Nasdaq Firm
