Circle’s stock (CRCL) has outperformed Bitcoin since its listing on the New York Stock Exchange on June 5, rising nearly 472% compared to Bitcoin. The stock price surged from 31 USD to nearly 200 USD, boosting the market value to around 45 billion USD, thanks to investor confidence in this stablecoin issuer, especially after the U.S. Senate approved the GENIUS Act, creating a legal framework for USD stablecoins.
While CRCL is experiencing strong growth, Bitcoin is struggling to maintain its upward momentum, primarily trading sideways and at times dropping below 100,000 USD due to geopolitical concerns. However, the price of Bitcoin has recovered, trading below 110,000 USD. This difference indicates that the market is favoring regulated financial infrastructure related to digital assets.
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