Circle is up 100% in a month: Why this boring stablecoin stock is suddenly the hottest trade in crypto

The stablecoin issuer has rallied as analysts point to growing demand for USDC, a higher interest-rate environment and the rapid expansion of tokenized assets. What to know : Shares of Circle have more than doubled over the past month, driven by bullish analyst upgrades and growing investor conviction that the stablecoin issuer sits at the center of key crypto trends. A higher-for-longer interest-rate outlook, reinforced by geopolitical tensions and rising oil prices, is boosting Circle’s earnings prospects because it earns substantial interest on reserves backing its USDC stablecoin. Expanding use of USDC in tokenized assets, prediction markets, AI-driven payments and potential U.S. crypto legislation has strengthened the view that Circle’s core stablecoin infrastructure will see sustained demand even in volatile crypto markets.(Coindesk)