On July 10, Circle Internet Corp. rose 5.02% in pre-market trading, trading at approximately $66.18/share, with turnover of $6.42 million. The stock continues its recovery from a 17.55% plunge in late June triggered by competitive fears surrounding the Open USD stablecoin project.

Multiple institutional signals have bolstered sentiment. Ark Invest bought $3.28 million worth of CRCL shares during the initial sell-off. In the options market, a notable $776,000 far-dated Put sell order at the $50 strike (December expiration) indicates institutional willingness to backstop the stock at lower levels. Jefferies reiterated its Outperform rating, citing Circle's first-mover advantage, superior liquidity, and its CPN stablecoin infrastructure.

On the fundamental side, Standard Chartered launched an institutional-grade USDC minting and redemption service in partnership with Circle, becoming the first global systemically important bank to offer such integration. Additionally, Circle minted 250 million USDC on Solana on July 8, bringing cumulative issuance on that chain to approximately $667.6 billion year-to-date, underscoring sustained demand for USDC despite competitive pressures.

(The above content is based on publicly available market information, generated by a program or algorithm, and is intended solely as a stock movement alert. It does not constitute investment advice or a basis for trading decisions.)