Stablecoin issuer Circle's shares have risen by 15% Monday, extending their gains to around 60% since the fourth-quarter earnings release. This follows the company's announcement of 72% growth in its stablecoin USDC to $75.3 billion and 77% revenue growth to $770 million. Despite a net loss tied to IPO-related compensation, CRCL's stock is trading at $96, marking a 71% advance in its stock in just over a month. The move comes as broader crypto markets continue to digest geopolitical and regulatory crosscurrents. The Office of the Comptroller of the Currency has released a proposal to implement the stablecoin-focused GENIUS Act, which could potentially affect certain stablecoin rewards programs. However, the rule remains subject to a 60-day public comment period and is not final. Some analysts believe the rally reflects a shift in investors' view of Circle as a payments infrastructure tied to artificial intelligence.