Why Circle Stock Is Jumping Today as Stablecoin Deal Revives U.S. Crypto Bill
Circle Internet Group shares rose about 10% and Coinbase gained nearly 5% after Coinbase said U.S. lawmakers reached a deal on stablecoin rules in a stalled crypto bill. The compromise, finalized by Senators Tillis and Alsobrooks, would broadly bar rewards equivalent to bank interest. Circle’s USDC supply stood at $77.4 billion, with first-quarter results due May 11. The deal is not yet law.