- Cathie Wood's ARK Investment buys 161.5K shares of CRCL on Tuesday
- Partnered with Sasai Fintech on Tuesday to push USDC adoption across Africa
- Stocktwits sentiment jumped to ‘bullish' from ‘bearish’ a day ago
Shares of Circle Internet Group rose more than 2% in overnight trading heading into Wednesday, as investors reacted to a draft U.S. stablecoin bill that would prohibit platforms from offering yield on stablecoins, alongside a new partnership and fresh buying from Cathie Wood’s ARK Investment Management.
Under the latest version of the Digital Asset Market Clarity Act, digital asset platforms would be barred from offering yield on stablecoins “directly or indirectly.” The restriction would apply broadly to service providers and prohibit anything “economically or functionally equivalent” to interest.
However, the proposal allows certain activity-based rewards, such as loyalty programs, promotions, and subscription rewards, provided they are not deemed economically or functionally equivalent to interest.
What It Means for Circle
Circle’s business is built around stablecoins USDC and EURC. In its fourth-quarter results for fiscal 2025, the company reported USDC on-chain transaction volume of $11.9 trillion, up 247% year over year.
Total revenue and reserve income rose 64% to $2.7 billion in 2025. CEO Jeremy Allaire said USDC adoption continued to expand as enterprises, developers, and institutions increasingly integrated digital dollars into payments, treasury operations, and on-chain workflows.
Retail Buzz Surges After Draft Proposal
Stocktwits sentiment on CRCL shifted to ‘bullish' from ‘bearish’ a day ago, while message volume jumped to ‘extremely high’ from ‘low.’
One user said, “$CRCL There are so many ways they can share yield. It’s a win-win for Circle. They can make rewards based on transactions.”
Another user added, “No more passive rewards on USDC balances? Ouch. Short-term pain is real, but this regulatory clarity is a MASSIVE long-term WIN for compliant players like Circle.”
Cathie Wood’s ARK Adds CRCL Shares
ARK Investment purchased CRCL shares on Tuesday through three of its exchange-traded funds, according to the Ark Invest Tracker on X. The ARK Innovation ETF bought 116,123 shares, the ARK Next Generation Internet ETF added 30,123 shares, and the ARK Blockchain & Fintech Innovation ETF added 15,267 shares, bringing the combined purchase to 1,61,513 shares.
As of CRCL’s previous closing price of $101.17, Wood invested about $16.3 million in the internet financial platform through the latest purchases, which were accompanied by other portfolio moves, including buying 10X Genomic shares and selling holdings in companies such as Beam Therapeutics, Roku, and Teradyne.
Partnerships to Drive USDC Adoption:
On Tuesday, the company said it partnered with Sasai Fintech to push USDC adoption and expand internet-native financial infrastructure across Africa. CRCL and Sasai Fintech will also explore practical applications for USDC.
Circle’s stock has gained about 28% this year.
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