US stablecoin issuer Circle Internet Group Inc.’s stock surged 20% on Friday after Seaport Global gave the company its first buy rating, following the US Senate’s passage of a bill establishing regulatory rules for dollar-pegged cryptocurrencies. This move boosts Circle, which operates the second-largest stablecoin USDC. The company’s shares have increased by over 600% since trading began earlier this month, driven in part by the regulatory clarity provided by the new legislation.
Source: https://www.bloomberg.com/news/articles/2025-06-20/circle-gets-first-buy-rating-after-senate-passes-stablecoin-bill