Circle Internet Group shares climbed over 7% Monday, extending a rally of over 85% in the past month, according to Benzinga. The issuer of the USDC stablecoin launched its IPO in June at $31 per share, opened at $69 on the NYSE, and has maintained strong trading momentum since. The offering raised approximately $1.1 billion through the sale of 34 million shares, with underwriters granted a 30-day option to purchase an additional 5.1 million shares. Gains continued after the company partnered with Fiserv to develop stablecoin-based payment tools, and as the Senate passed the GENIUS Act, which supports stablecoin innovation. Analysts from Needham, Cannacord Genuity, and Barclays have issued price targets above $200, boosting investor sentiment. Circle stock has rallied over 85% during the past month of trading, outperforming the S&P 500’s 6.25% gain during the same period.
