CoinDesk Weekly Recap: Stablecoins Dominate the Cycle
2025-07-04 05:30:19
Description
With the near-passage of the GENIUS Act and a host of companies announcing stablecoin initiatives, stablecoin-related assets have been on a tear. Circle, issuer of USDC, has seen its stock rise about 500% since its debut on June 5. This week, the company was valued at a staggering $77 billion , which is well above the total market cap of USDC itself (about $62 billion). Bullish signals for stablecoins were all around: CRCL is now the most popular foreign stock in South Korea . The leading stable...
$LINK
$13.335
--3.45%
$SEI
$0.2643
--5.27%
$FORM
$2.8208
--0.15%
$USDC
$0.9988
+0.02%
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