On September 3, Circle Internet Corp. rose 5.16% in regular trading, trading at approximately $94.64/share, with turnover of $1.45 billion. The move was driven by a confluence of policy and on-chain liquidity catalysts.
On the policy front, Circle President Heath Tarbert testified before the U.S. House Financial Services Committee, explicitly framing stablecoins as a core instrument for preserving U.S. dollar dominance. Tarbert urged Congress to fully implement the GENIUS Act, warning that delays in regulatory progress could erode America's financial leadership. The testimony reinforced market expectations of a clearer and more supportive regulatory framework for stablecoin issuers.
Separately, on-chain data showed that the 30-day average stablecoin exchange net flow turned positive on September 1 at +$13.85 million, ending 113 consecutive days of net outflows. However, analysts cautioned that the reading subsequently declined roughly 51% over the following two days, suggesting the signal marks the end of sustained outflows rather than confirmed sustained inflows. USDC circulation recently expanded by approximately $1 billion over seven days, reaching $73.7 billion in total supply, supported by reserves including overnight Treasury repos and short-dated U.S. Treasuries.
(The above content is based on publicly available market information, generated by a program or algorithm, and is intended solely as a stock movement alert. It does not constitute investment advice or a basis for trading decisions.)
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