Movement Alert|Circle Internet Corp. Rises 6.03% in Regular Trading, OCC Trust Bank Approval and JCB Partnership Drive Oversold Rebound

Market Focus
Jul 21

On July 21, Circle Internet Corp. rose 6.03% in regular trading, trading at $71.71/share, with turnover of $297 million.

On the news front, the U.S. Office of the Comptroller of the Currency approved Circle to establish Circle National Trust, a national trust bank operating under direct federal oversight. This charter strengthens federally regulated custody infrastructure supporting USDC and positions Circle as a compliance-first financial infrastructure provider. Additionally, Japan's largest credit card network JCB signed a memorandum of understanding with Circle to explore USDC-based cross-border payments and merchant applications, leveraging JCB's 140 million users and 40 million merchants globally.

On-chain data shows Circle has cumulatively minted 71.01 billion USDC on Solana year-to-date, reflecting sustained stablecoin demand expansion. The stock had previously fallen to approximately $61 after Mizuho downgraded its rating to underperform with a $50 target price, and the current move extends an oversold recovery pattern. Goldman Sachs has noted Circle is expanding USDC from a trading tool into broader financial infrastructure.

(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.)

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