Stablecoin Surge Shows Crypto Still Matters

Circle, the second‑biggest issuer of stablecoins, saw its shares jump after announcing a 72 % rise in USDC supply from the previous year, pushing its market value to roughly $75 billion. This growth signals that stablecoins keep attracting users even when the wider crypto market falters. The company highlighted new partnerships with big names such as Visa and Polymarket, which now rely on Circle’s payment network. Additionally, Circle is working with Bermuda to launch the first fully on‑chain national economy, a bold move that could reshape how governments handle digital money.Circle earns most of its revenue by placing customers’ funds in short‑term U. S. Treasury securities. Because of this, the firm is sensitive to changes in federal interest rates. To lessen that risk, Circle has begun developing its own blockchain platform called Arc, hoping to broaden its income sources. Founded in 2013 by Jeremy Allaire, Circle has grown alongside evolving U. S. regulations that have become more crypto‑friendly. The company went public in June, just months after the introduction of a stablecoin regulatory act, and its stock surged 250 % in the first two days—a record move for a newly listed company. After a sharp decline during a market downturn and lower interest rates, Circle’s shares have recovered. Analysts suggest that the firm can sustain its momentum by managing rate pressures, scaling its technology, and defending its position in a crowded market.