Circle Internet (CRCL) Hits 7th All-Time High on Fiserv Partnership

Circle Internet Group (NYSE:CRCL) is one of the 10 Stocks That Stole Today’s Spotlight.

Circle Internet soared to its 7th record-high this month, jumping by as much as 24 percent on Monday to touch $298.98, before paring gains to end the day just up by 9.64 percent at $263.45 apiece.

The surge was primarily driven by Circle Internet Group’s (NYSE:CRCL) partnership with Fiserv Inc. (NYSE:FI), a leading global provider of payments and financial services technology solutions, to jointly explore and develop stablecoin-enabled solutions for financial institutions and merchants within the Fiserv ecosystem.

The partnership would bring together Circle Internet Group’s (NYSE:CRCL) comprehensive stablecoin platform, including its regulated USDC infrastructure and Circle Payments Network, with Fiserv’s industry-leading digital banking and payment capabilities.

The initiative aims to equip banks and fintechs leveraging Fiserv’s digital asset platform and branded stablecoin with seamless access to digital dollar infrastructure, enabling enhanced payment experiences, real-time settlement, and expanded global reach.

The partnership followed a flurry of positive developments for the company last week, including the Senate’s passage of the Stablecoin bill and giant e-commerce companies’ adoption of the digital currency in their payments and order fulfillment flows.

While we acknowledge the potential of CRCL as an investment, our conviction lies in the belief that some AI stocks hold greater promise for delivering higher returns and have limited downside risk. If you are looking for an extremely cheap AI stock that is also a major beneficiary of Trump tariffs and onshoring, see our free report on the best short-term AI stock.

READ NEXT: 20 Best AI Stocks To Buy Now and 30 Best Stocks to Buy Now According to Billionaires.

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