Circle Internet (CRCL) Skyrockets by 25% Again as More Firms Adopt USDC Stablecoins
We recently published a list of . In this article, we are going to take a look at where Circle Internet Group (NYSE:CRCL) stands against other best-performing stocks of Friday.
Circle Internet rebounded by 25.36 percent on Friday to finish at $133.56—its highest closing price to date, as investor sentiment was buoyed by the expansion of its USDC stablecoins following news that they are being adopted by retail giants Amazon and Walmart, as well as e-commerce operator Shopify.
On Thursday, Shopify began rolling out its feature that enables merchants to accept USDC stablecoins—a cryptocurrency founded by Circle Internet Group's (NYSE:CRCL) founders Jeremy Allaire and Sean Neville—for payments and order fulfillment flows.
Circle Internet Group (NYSE:CRCL) also said that it partnered with blockchain firm Ripple to bring USDC stablecoins to the latter's XRP Ledger blockchain.
In a statement, Circle Internet Group (NYSE:CRCL) Chief Product and Technology Officer Nikhil Chandhok said that bringing the USDC to the XRPL blockchain 'unlocks new possibilities for developers to build seamless, real-world financial applications' and that USDC will 'help drive utility and innovation across the XRPL ecosystem.'
On Wednesday, Circle Internet Group (NYSE:CRCL) partnered with digital identity company World for the addition of USDC and CCTP V2 (Cross-Chain Transfer Protocol) on World Chain.
'Almost two million humans on World already hold bridged USDC in their World App wallets,' World said in a statement. '[It is] now upgraded to native USDC issued directly by Circle.'
While we acknowledge the potential of CRCL as an investment, our conviction lies in the belief that some AI stocks hold greater promise for delivering higher returns and have limited downside risk. If you are looking for an extremely cheap AI stock that is also a major beneficiary of Trump tariffs and onshoring, see our free report on the best short-term AI stock.
READ NEXT: 20 Best AI Stocks To Buy Now and 30 Best Stocks to Buy Now According to Billionaires.
Disclosure: None. This article is originally published at Insider Monkey.
Hashtags
Try Our AI Features
Explore what Daily8 AI can do for you:
Comments
No comments yet...
Related Articles
Business Upturn
5 hours ago
- Business Upturn
Nimanode Surpasses Crypto Presales, Eyes 10X Growth Post-Launch as Major Investors Flock to the XRP DeFi Landscape
LEEDS, United Kingdom, June 14, 2025 (GLOBE NEWSWIRE) — Nimanode , the first no-code AI agent platform built natively on the XRP Ledger (XRPL), is gaining momentum with its ongoing $NMA token presale. As investor confidence in AI infrastructure and XRP-based innovation grows, highly anticipated Nimanode (NMA) Presale has so far surpassed expectations, rapidly filling 20% of its softcap which has fuelled intense investor FOMO. Nimanode is drawing serious attention from early adopters seeking exposure to the next phase of Web3 automation. With anticipation of a major breakout post-launch, early participants are moving quickly to secure $NMA tokens at presale pricing. Join $NMA Presale Why the XRP Community Is Flocking to Nimanode Nimanode is capturing attention for good reason: it's pioneering zero-code, on-chain AI agents that can automate complex blockchain tasks from deploying smart contracts and managing DeFi strategies to running real-time compliance checks and providing intelligent customer support. The platform's unique value lies in its accessibility. Anyone regardless of coding ability can create and monetize autonomous AI agents, all powered by the speed and cost-efficiency of the XRPL. Unlike static automation or off-chain bots, Nimanode agents operate on-chain, interact with smart contracts, and generate on-chain earnings; creating a new form of programmable, decentralized labor. Presale Demand Up as Investors Target $NMA for 10X Growth Nimanode's $NMA being the core utility engine of the Nimanode Ecosystem through its usage on the Nimanode Agent Marketplace and Agent Builder was not only what has drawn investors towards it. However with a capped supply of only 200 million $NMA tokens, built-in scarcity and strong long-term value potential are designed into its foundation. the core utility engine As the market is currently clouded by volatility and corrections, Nimanode's presale is emerging as a rare bright spot. Sparking strong FOMO across the XRP community and beyond as investors position themselves early in what many believe could be the next 100X breakout on XRPL. To put it in perspective, XRP once saw an explosive 137,000% surge during the 2017–2018 bull market. Now, as the XRP ecosystem rebounds—with the token retracing back to $2.20—Nimanode's emergence offers a timely opportunity to capture investor interest around intelligent automation, agent-powered DeFi, and tokenized real-world utilities built directly on XRPL. Market Analysts already predict strong upside upon exchange listing of $NMA as demand for agent-based infrastructure gains traction. This is a chance to invest in $NMA before its Listing at 25% higher than Presale value, however whales position for more as they eye a 10X surge on Launch. Join $NMA Presale Don't Miss Out Nimanode Presale With a total of 90 million $NMA representing 45% of $NMA allocated for the presale, this marks a unique and promising chance to claim early access into one of XRP Ledger's most innovative projects, spearheading the AI ecosystem on the blockchain. Joining in the NimaNode Presale is quite straightforward Purchase XRP: Acquire XRP from reputable exchanges like Binance, Coinbase, or Bybit Send to an XRP-Compatible Wallet: Ensure you have a non-custodial wallet capable of receiving XRP native tokens Xaman recommended. Participate in the Presale: Visit the NimaNode presale page ( ), send your XRP to the provided presale address, and secure your $NMA tokens. As Nimanode Presale gains momentum, now is a perfect opportunity to position at the next wave of Blockchain innovation poised for massive gains through the integration of Web3 and AI. Connect with Nimanode Website: Twitter/X: Telegram: Documentation: Contact:Nick Lambert [email protected]
Yahoo
8 hours ago
- Yahoo
Pro-XRP lawyer calls 70% shot at big win ahead for Ripple
Pro-XRP lawyer calls 70% shot at big win ahead for Ripple originally appeared on TheStreet. The years-long legal case surrounding the blockchain tech and payments firm Ripple took yet another turn as the crypto firm, along with the Securities and Exchange Commission (SEC), filed a joint motion to the District Court for the Southern District of New York on June 12. The motion renewed the parties' request to Judge Analisa Torres to grant an indicative ruling. It asked the court to dissolve a prior injunction and release $125 million held in an escrow. Earlier, Judge Torres denied a similar motion on May 15, calling it "procedurally improper.' The crypto community will keep a close watch on how she reviews the latest motion. Pro-XRP lawyer John Deaton is, however, 70% confident that Judge Torres will grant the motion that could bring the long legal battle to a final end. The SEC should have acknowledged the "overly aggressive" stance against crypto on the part of its prior leadership, which an appellate court found 'arbitrary and capricious,' Deaton opined. In her last judgment, Judge Torres asked the parties to demonstrate "exceptional circumstances" for her to vacate the ruling. Deaton said the SEC should have included a reference to pending crypto legislation such as the GENIUS and CLARITY Acts as an "exceptional circumstance." Ripple, on its part, should have highlighted how an injunction puts it at a disadvantage against competitors such as Circle (NYSE: CRCL), Deaton added. The argument submitted, the lawyer claimed, could be summed up as: 'Look judge, elections have consequences, and this is one of them.' It was in December 2020 that the SEC sued Ripple for the sale of allegedly unregistered XRP securities worth $1.3 billion. In July 2023, Judge Torres ruled that while the sale of tokens to institutional investors violated securities laws, their sale to retail investors didn't. In the run-up to the 2024 presidential election, Ripple's chief legal officer, Stuart Alderoty, personally donated $300,000 in XRP to Trump's campaign in June 2024. Once Trump won the election, Ripple Labs donated $5 million in XRP to his inaugural committee. Thereafter, Ripple and the SEC reached a settlement on March 25, as per which the company will pay $50 million of the original $125 million penalty, with the remainder refunded from escrow. The regulator has dropped cases against other crypto giants such as Coinbase (Nasdaq: COIN) and Binance. As per Kraken, XRP was trading at $2.16 at press time. Pro-XRP lawyer calls 70% shot at big win ahead for Ripple first appeared on TheStreet on Jun 14, 2025 This story was originally reported by TheStreet on Jun 14, 2025, where it first appeared.
Yahoo
8 hours ago
- Yahoo
The Dollar Is Crumbling, And Hedge Fund Analyst Says A New Global Trade Is Brewing
Benzinga and Yahoo Finance LLC may earn commission or revenue on some items through the links below. As the U.S. dollar has slumped to its lowest level in over two years, emerging market stocks rallied in near-perfect inverse fashion—a trend that may be just at its early stages. The iShares MSCI Emerging Markets ETF (NYSE:EEM), which holds more than 800 EM stocks, posted its ninth consecutive daily gain—the longest streak since the fund's inception in 2016—reaching levels last seen before Russia's invasion of Ukraine. 'As an investor, I want to operate under the assumption that... the dollar is going to be devaluing," Otavio Costa, macro analyst at Crescat Capital, said in an exclusive interview with Benzinga. "You want to buy natural resources, you want to buy hard assets, but you also want to buy emerging markets in a big way,' he added. Trending: Let your money work smarter: . No hidden fees, no commitment. At the core of Costa's view is the widening gap in interest payments between the U.S. and its developed peers. The U.S. spends about 5% of its gross domestic product on interest—when combining federal and local levels—far exceeding developed peers like Germany, Japan, and Canada, where interest costs are about 1%. Because the U.S. has far less fiscal flexibility, Costa believes it will be forced to cut rates more aggressively than other economies. For Costa, the implication is clear: 'That's going to translate into interest rates differentials contracting and causing the dollar to fall."Costa emphasized the valuation gap between U.S. and emerging market equities. "The Cyclically Adjusted Price-to-Earnings (CAPE) ratio of the U.S. is about 35, one of the highest in history. You look at Brazil, and it's about 12." he said. "Why would you not deploy capital there?' Costa sees emerging markets, hard assets and undervalued foreign equities as the likely beneficiaries of this rotation. He sees particular value in Brazil, not just in equities but in fixed income as well. "In Brazil, the equity market looks attractive, the bond market looks very attractive," Costa said. Among developed markets, Costa is particularly bullish on Canada. He sees the Canadian dollar—historically linked to oil and natural gas—on the verge of a breakout, fueled by its commodity exposure and underweight positioning in global portfolios. "The Canadian dollar is a contrarian play that could benefit from U.S. weakness and commodity strength," he said, adding that Canadian mining companies could also enjoy capital inflows. He added that capital markets are already signaling a shift. "Argentina starts doing well all of a sudden after politics changes... India is doing quite well. Japanese equities doing better than the U.S. Now you're seeing European equities outperform U.S. equities." "These things are just starting to occur," he said. "They're big moves." Read Next: Level up your portfolio tracking with Snowball Analytics: see all your investments in one dashboard with real-time stock and dividend tracking for free today. Image created using artificial intelligence via Midjourney. This article The Dollar Is Crumbling, And Hedge Fund Analyst Says A New Global Trade Is Brewing originally appeared on Error while retrieving data Sign in to access your portfolio Error while retrieving data Error while retrieving data Error while retrieving data Error while retrieving data
