Circle Internet Group (CRCL) Stock: Quadruples in Two Weeks as Retail Giants Embrace USDC

TLDR

Table of Contents

Circle Internet Group (CRCL) stock surged 25% on Friday, closing at $133.56
USDC stablecoin gained adoption from Amazon, Walmart, and Shopify for payments
Circle launched USDC on XRP Ledger through partnership with Ripple
World Chain integration brought USDC to nearly 2 million users via World App
Crypto IPO pipeline includes Gemini, OpenSea, Kraken, and other major players

Circle Internet Group stock closed Friday at $133.56, jumping 25% as investors celebrated major partnerships expanding its USDC stablecoin reach. The surge came despite broader market weakness from Middle East tensions.

The stock hit its highest price since debuting on June 5 at $31. Circle has now quadrupled in value over just two weeks of trading.

After-hours trading saw CRCL climb another 1.25% to $135.29. The rally reflects growing confidence in Circle’s business model.

Amazon, Walmart, and Shopify announced they would integrate USDC payments into their platforms. Shopify began enabling merchants to accept USDC for transactions and order fulfillment.

Amazon and Walmart might launch their own stablecoins or tokens as "corporate coins" which would save stores billions of dollars in fees paid to banks and third-party payment systems. $USDC $RLUSD (SOURCE: Wall Street Journal) pic.twitter.com/164FWdWC81
— ALLINCRYPTO (@RealAllinCrypto) June 13, 2025

These retail giants joining the USDC ecosystem sparked investor optimism. The partnerships represent a major step toward mainstream stablecoin adoption.

Circle also launched USDC on the XRP Ledger through a collaboration with Ripple. This move opens new opportunities for financial applications built on XRPL.

Nikhil Chandhok, Circle’s Chief Product and Technology Officer, highlighted the benefits. He noted the integration could drive innovation across the blockchain ecosystem.

The XRPL launch allows developers and institutions to mint and redeem USDC efficiently. This facilitates cross-chain transactions and global payment options.

Partnership with World Chain Expands User Base

Circle expanded its reach through a partnership with digital identity company World. The integration adds USDC and Cross-Chain Transfer Protocol (CCTP V2) to World Chain.

Nearly two million users already hold bridged USDC in their World App wallets. These wallets are now upgraded to native USDC issued directly by Circle.

This partnership broadens Circle’s global stablecoin footprint considerably. It demonstrates growing institutional interest in USDC infrastructure.

The World Chain integration represents another validation of Circle’s technology. It shows the company’s ability to scale across different blockchain networks.

Crypto IPO Wave Building Momentum

Circle’s success has sparked wider interest in crypto IPOs. Gemini, the crypto exchange run by the Winklevoss twins, filed for a confidential IPO with the SEC.

Other potential IPO candidates include OpenSea, KuCoin, Kraken, Bullish, Consensys, and Ripple. These companies represent various aspects of the crypto ecosystem.

David Bailey, founder of Nakamoto, predicts a flurry of crypto IPO filings. He credits the Trump administration’s crypto-friendly policies for creating favorable conditions.

The regulatory environment has become more supportive under the new administration. Trump appointed a crypto “czar” and established a strategic Bitcoin reserve.

J.P. Morgan strategists noted that crypto IPO activity matches the pace seen during 2021’s crypto boom. They pointed to clearer regulatory frameworks as a key driver.

Circle’s volatility remains a concern for some investors. The stock tumbled 17% earlier in the week before Friday’s recovery.

CRCL has gained 93.56% since its market debut. This showcases both strong investor interest and market unpredictability.

The integration of USDC on XRPL could influence XRP demand. However, the full market impact remains to be seen.

Circle’s partnerships with major retailers mark a turning point for stablecoin adoption. The company now has direct access to millions of potential users through these platforms.

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