Circle Internet (CRCL) Soars 80% W/W as Analyst Recommends to "Buy" Its Stock
Circle Internet Group (NYSE:CRCL) is one of the .
Circle Internet skyrocketed by 80 percent week-on-week, closing at $240.28 versus the $133.56 on June 13, with investor sentiment bolstered by a flurry of catalysts, including a “buy” recommendation and growth opportunities from the Senate’s passage of the Stablecoin bill.
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On Friday, Circle Internet Group (NYSE:CRCL) earned its first “buy” recommendation from Seaport Global following the Senate’s passage of a legislation that would allow the wider usage of Stablecoin.
Earlier last week, Circle Internet Group’s (NYSE:CRCL) announced that its USDC Stablecoin is being adopted by retail giants Amazon and Walmart, as well as e-commerce operator Shopify, which began rolling out its feature enabling merchants to accept the digital currency for payments and order fulfillment flows.
A man and a woman in matching suits with a a digital tablet highlighting a payment solution.
Circle Internet Group (NYSE:CRCL) also said that it partnered with blockchain firm Ripple to bring USDC Stablecoin to the latter’s XRP Ledger blockchain, as well as with digital identity company World for the addition of USDC and CCTP V2 (Cross-Chain Transfer Protocol) on World Chain.
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Disclosure: None. This article is originally published at Insider Monkey.
