# Circle Stock Continues Surge, Briefly Surpassing Coinbase Market Cap

*Author: Bankless*
*Published: Jun 23, 2025*
*Source: https://www.bankless.com/read/circle-stock-continues-surge-surpassing-coinbase-market-cap*

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Circle's stock surged post-IPO, briefly surpassing Coinbase in market cap. The GENIUS Act further boosted market confidence in stablecoins.

## **What’s the Scoop?**
- **Circle Rises Post-IPO**: Circle's stock, trading under CRCL, surged 600% since its IPO. It hit $298 per share, pushing its market cap over $77 billion.
- **GENIUS Act Boost**: Last week’s Senate approval of the GENIUS Act bolstered investor optimism, setting regulatory guardrails for fully-backed stablecoins.
- **Market Dynamics**: Circle's growth contrasts with Coinbase's broader business lines. Analysts question Circle's elevated valuation despite shared USDC revenues.
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