ExchangeDEX+
Buy CryptoMarketsSpotFuturesGOLDEarnEvent Center
More
Commodity Zero-Fee Gala
Stablecoin issuer Circle (CRCL) saw a 25% gain on Friday, recouping losses from a 9% decline the previous day following the Senate scheduling a final vote on the GENIUS stablecoin regulation bill and reports of Amazon and Walmart exploring stablecoin offerings.Stablecoin issuer Circle (CRCL) saw a 25% gain on Friday, recouping losses from a 9% decline the previous day following the Senate scheduling a final vote on the GENIUS stablecoin regulation bill and reports of Amazon and Walmart exploring stablecoin offerings.

Circle jumps 25%, defies crypto and stock market plunge amid Middle East war tensions

Author: Fxstreet
Source: Fxstreet
2025/06/14 07:04
2 min read
  • Circle recorded a 25% gain on Friday, following reports of Amazon and Walmart exploring stablecoin offerings.
  • Anticipation of the final Senate vote on the GENIUS stablecoin regulation bill next week has also contributed to CRCL's price growth.
  • CRCL's surge comes amid bearish pressure in the crypto and stock markets after Israel attacked key locations in Iran.

Stablecoin issuer Circle (CRCL) saw a 25% gain on Friday, recouping losses from a 9% decline the previous day following the Senate scheduling a final vote on the GENIUS stablecoin regulation bill and reports of Amazon and Walmart exploring stablecoin offerings.

Circle surge past $133 amid rising stablecoin interest

Circle's stock, CRCL, surged on Friday from an opening price of $108 to $133, marking its highest daily close since its debut on the New York Stock Exchange (NYSE) last Thursday. The price rise, which saw its market cap hitting $32.43 billion, represents a 330% increase from its initial public offering (IPO) price of $31.

The USDC issuer's price growth follows developments around Amazon and Walmart, which are reportedly planning to launch US Dollar-backed stablecoins for customers, according to the Wall Street Journal. The two merchants join a growing list of companies that are considering adding stablecoins to their payment channels.

This comes as the GENIUS bill draws closer to becoming law. The Senate is set for a final vote on the bill on Tuesday. If it passes, the bill will head to the House for deliberation.

The GENIUS bill aims to regulate stablecoins and their issuers in the US.

Meanwhile, CRCL's surge comes amid bearish pressure in the crypto and stock markets following rising Middle East war tensions after Israel launched attacks on key locations in Iran.

Bitcoin (BTC) fell to an intraday low of $103,000 before rebounding slightly above $105,000 at the time of writing. Altcoins were not spared from the downturn, with Ethereum (ETH), Solana (SOL) and XRP each posting losses of nearly 10% before seeing a slight recovery.

Traditional markets also felt the impact, with the S&P 500 dropping more than 1% on the day.

Disclaimer: The articles reposted on this site are sourced from public platforms and are provided for informational purposes only. They do not necessarily reflect the views of MEXC. All rights remain with the original authors. If you believe any content infringes on third-party rights, please contact service@support.mexc.com for removal. MEXC makes no guarantees regarding the accuracy, completeness, or timeliness of the content and is not responsible for any actions taken based on the information provided. The content does not constitute financial, legal, or other professional advice, nor should it be considered a recommendation or endorsement by MEXC.

You May Also Like

Fed Decides On Interest Rates Today—Here’s What To Watch For

Fed Decides On Interest Rates Today—Here’s What To Watch For

The post Fed Decides On Interest Rates Today—Here’s What To Watch For appeared on BitcoinEthereumNews.com. Topline The Federal Reserve on Wednesday will conclude a two-day policymaking meeting and release a decision on whether to lower interest rates—following months of pressure and criticism from President Donald Trump—and potentially signal whether additional cuts are on the way. President Donald Trump has urged the central bank to “CUT INTEREST RATES, NOW, AND BIGGER” than they might plan to. Getty Images Key Facts The central bank is poised to cut interest rates by at least a quarter-point, down from the 4.25% to 4.5% range where they have been held since December to between 4% and 4.25%, as Wall Street has placed 100% odds of a rate cut, according to CME’s FedWatch, with higher odds (94%) on a quarter-point cut than a half-point (6%) reduction. Fed governors Christopher Waller and Michelle Bowman, both Trump appointees, voted in July for a quarter-point reduction to rates, and they may dissent again in favor of a large cut alongside Stephen Miran, Trump’s Council of Economic Advisers’ chair, who was sworn in at the meeting’s start on Tuesday. It’s unclear whether other policymakers, including Kansas City Fed President Jeffrey Schmid and St. Louis Fed President Alberto Musalem, will favor larger cuts or opt for no reduction. Fed Chair Jerome Powell said in his Jackson Hole, Wyoming, address last month the central bank would likely consider a looser monetary policy, noting the “shifting balance of risks” on the U.S. economy “may warrant adjusting our policy stance.” David Mericle, an economist for Goldman Sachs, wrote in a note the “key question” for the Fed’s meeting is whether policymakers signal “this is likely the first in a series of consecutive cuts” as the central bank is anticipated to “acknowledge the softening in the labor market,” though they may not “nod to an October cut.” Mericle said he…
Share
BitcoinEthereumNews2025/09/18 00:23
Robinhood Chain Public Testnet Launch: A Strategic Pivot into Ethereum’s Layer 2 Ecosystem

Robinhood Chain Public Testnet Launch: A Strategic Pivot into Ethereum’s Layer 2 Ecosystem

BitcoinWorld Robinhood Chain Public Testnet Launch: A Strategic Pivot into Ethereum’s Layer 2 Ecosystem In a significant move that expands its footprint beyond
Share
bitcoinworld2026/02/11 10:05
Russian State Duma passes bill on cryptocurrency seizure and confiscation procedures

Russian State Duma passes bill on cryptocurrency seizure and confiscation procedures

PANews reported on February 11 that, according to Bits.media, the Russian State Duma has passed a procedural law on the seizure and confiscation of cryptocurrencies
Share
PANews2026/02/11 09:54