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Circle Internet Corp. (CRCL), the company behind the popular USDC stablecoin, saw its stock soar 5.12% in pre-market trading on Friday, continuing its impressive run since its initial public offering (IPO) earlier this month. The surge comes amid growing optimism surrounding stablecoins and increased investor interest in the crypto sector. Circle's stock has been on a remarkable trajectory since its June 5th IPO, with shares rocketing more than 600% from their initial offering price. The company's market capitalization has ballooned to over $50 billion, reflecting strong investor confidence in the stablecoin issuer's business model and growth prospects. This latest pre-market jump follows an 8% gain in the previous trading session, indicating sustained momentum for the stock. The surge in
Stock Track | Circle Internet Corp. Surges 5.12% in Pre-market as Stablecoin Optimism Continues