Circle Boosts Stock On USDC Adoption

Circle, issuer of the USDC stablecoin, saw its stock (CRCL) rise above $123 for the first time since October after a 7.5% gain on Monday and a year-to-date increase of roughly 46%. Clear Street upgraded CRCL to Buy and raised its target to $136 from $92 on Monday, citing rising USDC adoption since early February and increased tokenization by institutions. Analysts also point to geopolitical remittance flows, regulatory clarity prospects, and Circle’s Arc protocol supporting AI-driven instant settlements as additional demand drivers.