New York || 4:54 p.m. ET – Circle Internet Group, Inc. (NYSE: CRCL), the issuer behind the world’s second-largest stablecoin USDC, announced the upcoming launch of Circle Gateway, a major crosschain breakthrough for stablecoin transfers. CRCL stock closed Tuesday at $192.53, gaining $11.50 or 6.3% on the session, supported by renewed investor optimism around Circle’s innovation roadmap and the recent passage of the GENIUS Act.
Solving the Multichain Challenge
The blockchain ecosystem has long been fragmented across networks like Ethereum, Solana, and Avalanche. Users holding USDC on one chain often face delays and added costs to move funds to another, relying on bridges or third-party liquidity providers. These hurdles slow stablecoin adoption and complicate operations for exchanges, payment processors, and institutions.
Circle Gateway, announced on July 1, 2025, aims to eliminate this fragmentation by introducing a unified USDC balance through a non-custodial smart contract. This structure will allow users to instantly access their USDC across multiple blockchains, removing the need for manual bridging or rebalancing liquidity.
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How Circle Gateway Works
Circle Gateway’s approach is designed for simplicity and efficiency:
- Users deposit USDC into a non-custodial smart contract
- A single balance is created, instantly accessible on supported chains
- Transfers can happen in real time, without bridges or third-party intermediaries
The company plans to roll out the new service on testnets for Avalanche, Base, and Ethereum later this month, with additional blockchain integrations expected in the future.
CRCL Stock Momentum Remains Strong
CRCL shares have surged since Circle’s June 5, 2025 IPO, which was priced at $31 and closed its first trading day at $83.23, up 168%. On Tuesday, July 1, 2025, the stock closed at $192.53 after hitting an intraday high of $194.32 and a low of $171.50, with trading volume exceeding 30.9 million shares. The market capitalization stands around $69 billion, reflecting sustained confidence in Circle’s stablecoin leadership, partnerships, and regulatory focus.
Broader Vision for Stablecoins
Founded in 2013, Circle is committed to making digital dollars as easy and reliable as email. USDC, with a circulating supply around $61.4 billion, is the second-largest stablecoin globally. Circle also offers EURC, a euro-backed stablecoin, and USYC, a tokenized money market fund (not available in the United States).
The company operates the Circle Payments Network, supports crosschain protocols, and holds key regulatory licenses, including approval from the New York Department of Financial Services and the Bermuda Monetary Authority. These compliance measures, paired with monthly attestations from a Big Four auditor, reinforce user trust and institutional confidence.
Conclusion
Circle Gateway marks an important step forward for chain-agnostic stablecoin transfers, providing seamless, instant USDC access across multiple blockchains. As Circle begins its testnet rollout this month, developers, businesses, and investors will be watching closely to see how this technology may transform the future of digital finance.
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