Circle Mania Grips South Korea as Retail Investors Pile Into Stablecoin Play

Description

New York-listed Circle (CRCL) has become the breakout stock of June in Seoul. South Korean retail traders have poured nearly $450 million into shares of Circle Internet Group, per Bloomberg . The flurry of investment makes Circle the most heavily bought overseas stock this month and a top-four pick for the year. Since its June 5 debut, the stock has rallied more than 500%, briefly hitting a $77 billion market cap, making the company more valuable than its issued stablecoin USDC, which sits on a ...