Circle's USDC Stablecoin Gains Ground Under New U. S. Policy

Circle Internet Financial Ltd. has seen its stock dip by 2% to $133 recently. However, its USDC stablecoin is making significant strides, thanks to the GENIUS Act introduced by the Trump administration. The market cap of USDC has surged by 59% since Trump took office, outpacing Tether's USDT, which grew by 32. 5%. In concrete terms, USDT's market cap increased from $138 billion to $183 billion, while USDC rose from $48 billion to $76 billion. The GENIUS Act, which supports U. S. -regulated stablecoin issuers, is giving Circle an edge. Circle, being based in the U. S. , benefits from this policy shift, which limits competition from offshore players like Tether. Tether, headquartered in El Salvador, is now planning to establish a U. S. subsidiary to stay competitive. Circle's major investor, Coinbase Global Inc. , also stands to gain from this policy. The administration's support for digital assets is evident in its approval of U. S. -based Bitcoin ETFs. Looking at Circle's stock, it's currently trading within a descending channel since June but is showing signs of compression near $134. The stock is testing key moving averages between $135 and $140. A breakout above this zone could signal bullish momentum, potentially pushing the stock towards its 200-day EMA near $154. 80. The RSI, currently around 49, has recovered from oversold conditions, indicating potential upside if the price holds above $140. Support levels remain strong at $130–$134, but a drop below this area could keep the stock within its bearish channel, exposing lower targets. The GENIUS Act is more than just a stablecoin law; it's a game-changer. It shifts the balance of power from offshore giants like Tether to U. S. -regulated Circle. For the first time, a U. S. administration is giving a structural advantage to one issuer over another in the multi-trillion-dollar liquidity race. This isn't just about USDC's growth—it's about the potential for a "digital dollar" to emerge through the private sector, with Circle as the frontrunner.