Shares of Circle Internet Group Inc (NYSE:CRCL) are trading higher by 15.5% to $172.29 Wednesday morning. The move higher appears directly linked to the U.S. Senate’s passage of the GENIUS Act, a bill poised to establish clear regulations for the stablecoin industry.
What To Know: Circle operates as a stablecoin issuer, a business model at the very heart of the new legislation. According to the text of the act, companies in this sector issue digital tokens that must be backed by highly liquid assets, such as U.S. dollars or short-term Treasury bills.
The law also mandates that these issuers must publicly disclose the composition of their reserves on a monthly basis, a move intended to bring transparency and stability to the burgeoning market.
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The passage of the GENIUS Act is being hailed as a watershed moment that provides long-awaited regulatory clarity. Industry leaders project this clarity will unlock trillions in institutional capital, with one expert predicting the stablecoin market could grow to $400 billion by the end of 2025 and $3.5 trillion by 2030.
This new federal framework is expected to accelerate the adoption of stablecoins for uses like cross-border payments and 24/7 settlements, placing companies like Circle at the forefront of a major financial transformation.
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How To Buy CRCL Stock
By now you're likely curious about how to participate in the market for Circle Internet Group – be it to purchase shares, or even attempt to bet against the company.
Buying shares is typically done through a brokerage account. You can find a list of possible trading platforms here. Many will allow you to buy “fractional shares,” which allows you to own portions of stock without buying an entire share.
In the case of Circle Internet Group, which is trading at $172.29 as of publishing time, $100 would buy you 0.58 shares of stock.
If you're looking to bet against a company, the process is more complex. You'll need access to an options trading platform, or a broker who will allow you to “go short” a share of stock by lending you the shares to sell. The process of shorting a stock can be found at this resource. Otherwise, if your broker allows you to trade options, you can either buy a put option, or sell a call option at a strike price above where shares are currently trading – either way it allows you to profit off of the share price decline.
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