Circle Internet Group (CRCL) has faced concerns about potential limits on revenue from stablecoins, but bargain buying has supported a rebound. The company also notes that its core revenue is derived from interest on USDC reserves, a point regulators and investors are watching. As of the 25th local time, Circle’s stock was trading at $104.41, up 3.20% from the prior close.
The rebound came after a sharp 20% drop the day before, with institutional buying and a more positive Wall Street tone helping to trim losses. Ark Invest, led by Cathie Wood, purchased roughly 160,000 Circle shares during the session, worth about $16.2 million. The stock moved higher at the open as buying momentum persisted.
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