Angelica Ballesteros
2 min read
We recently published a list of LOOK: These 10 Stocks Just Stole The Show. In this article, we are going to take a look at where Circle Internet Group (NYSE:CRCL) stands against other best-performing stocks of Friday.
Circle Internet rebounded by 25.36 percent on Friday to finish at $133.56—its highest closing price to date, as investor sentiment was buoyed by the expansion of its USDC stablecoins following news that they are being adopted by retail giants Amazon and Walmart, as well as e-commerce operator Shopify.
On Thursday, Shopify began rolling out its feature that enables merchants to accept USDC stablecoins—a cryptocurrency founded by Circle Internet Group’s (NYSE:CRCL) founders Jeremy Allaire and Sean Neville—for payments and order fulfillment flows.
Circle Internet Group (NYSE:CRCL) also said that it partnered with blockchain firm Ripple to bring USDC stablecoins to the latter’s XRP Ledger blockchain.
In a statement, Circle Internet Group (NYSE:CRCL) Chief Product and Technology Officer Nikhil Chandhok said that bringing the USDC to the XRPL blockchain “unlocks new possibilities for developers to build seamless, real-world financial applications” and that USDC will “help drive utility and innovation across the XRPL ecosystem.”
On Wednesday, Circle Internet Group (NYSE:CRCL) partnered with digital identity company World for the addition of USDC and CCTP V2 (Cross-Chain Transfer Protocol) on World Chain.
“Almost two million humans on World already hold bridged USDC in their World App wallets,” World said in a statement. “[It is] now upgraded to native USDC issued directly by Circle.”
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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.
