Circle Internet Financial’s shares rose 8.7% in early trading on Tuesday after the company secured federal banking licenses and announced a strategic partnership to expand USDC stablecoin liquidity.
Circle’s stock reached an intraday high of $96.66, up from Monday’s close of $88.64, reflecting a 9.85% gain in broader market data. The company obtained licenses under the GENIUS Act, positioning it to operate as a federally regulated financial institution.
Circle also unveiled a collaboration with cryptocurrency exchange OKX to enhance USDC liquidity across spot, leveraged, and futures trading products. The stablecoin, which has a market capitalization between $70 billion and $75 billion, remains a key focus as Circle’s CEO Jeremy Allaire projects the stablecoin market could surpass $1 trillion.
Circle President Heath Tarbert testified before the House Financial Services Committee on September 2, 2025, emphasizing stablecoins’ role in maintaining U.S. dollar dominance in next-generation payment networks. Earlier, on September 1, 2025, Bernstein maintained a buy rating on Circle’s stock.
Broader U.S. equity benchmarks advanced, with the S&P 500 up 0.6%, the Nasdaq gaining 0.8%, and the Dow Jones adding 0.7%.
