Circle Stock Rises 6.72% as OCC Finalizes GENIUS Act Stablecoin Rule
Circle Internet shares gained 6.72% to $91.79 on Wednesday after the OCC issued its final rule implementing the GENIUS Act. Bitcoin traded at $84,618.75 after a 2.03% 24-hour gain. The OCC rule covers payment stablecoin issuance by entities under its jurisdiction. Needham analyst John Todaro kept a Buy rating and raised the price target to $134. Circle shares remain down 30.34% over 12 months.