Circle Internet (CRCL) Soars on Stablecoin Expansion

We recently published 10 Stocks Investors Are Gobbling Up. Circle Internet Group (NYSE:CRCL) is one of the best performers on Thursday.

Circle Internet grew its share prices by $17.6 percent to close at $133.7 apiece as investor sentiment was bolstered by its partnership with Fireblocks to ramp up support for stablecoin adoption.

In a statement, Circle Internet Group (NYSE:CRCL), through one of its affiliates, partnered with Fireblocks to make it easier and safer for financial institutions to build digital asset offerings.

Under the agreement, Fireblocks will support Circle Internet Group’s (NYSE:CRCL) stablecoin network with its security and payment tools.

“Together, Circle and Fireblocks are working to build the trusted rails that enable stablecoin-based finance at a global scale,” said Michael Shaulov, co-founder and CEO of Fireblocks.

“By combining Circle’s stablecoin expertise with our institutional infrastructure, we’re empowering financial institutions to innovate with confidence. Those who move now won’t just keep pace, they’ll set the standard for tomorrow’s digital financial system,” he added.

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Disclosure: None. This article is originally published at Insider Monkey.