CRCL Stock Forecast as Circle’s EURC Stablecoin Supply Surges 100% Amid MiCA Compliance

Circle (NYSE: CRCL) stock price dropped by 3.83% on August 19 to close trading at $71. The decline in price comes despite the supply of Circle’s EURC stablecoin rising by 100% in just one year. CRCL stock remains up by 22% since August 3 amid a phase of aggressive buying by fund manager ARK Invest.

Circle’s EURC Stablecoin Supply Soars to €400M

A recent report by Circle noted that the supply of the EURC stablecoin that is in circulation has increased to €400 million, with this being a 100% year-over-year increase.

Circle notes that this increase comes as the market shifts away from just experimentation to real-time usage of EURC by institutions, exchanges, and payment platforms.

“These integrations, particularly following the rollout of the Markets in Crypto-Assets (MiCA) regulation, enabled regulated firms to use EURC for treasury, settlement, and payments,” Circle noted.

The growth comes at a time when many crypto companies, including Tether (USDT), have left the EU because of the MiCA regulations that went into effect on July 1, 2026.

However, EURC is not the only stablecoin issued by Circle that is recording a significant surge in growth. A recent report by CoinGape revealed that the USDC stablecoin recorded $849 billion in volumes in July 2026, with this being 62% of all the stablecoin volumes seen during the month.

CRCL Stock Price Forecast as Rally Cools

Circle shares have risen by 22% from $58 on August 3 to $71 on August 18. The gains coincided with ARK Invest’s purchases of CRCL stock in July and early August, as earlier reported by CoinGape.

However, the rally has since cooled after the stock faced resistance at $75 on August 13. If this downtrend continues, CRCL stock price could move to test support at the 61.8% Fib of $69.

But if the ongoing retracement is just the stock shaking off weak hands before another rally ensues, CRCL could close above the resistance at $75 and reach the 123.6% Fib of $80.

The RSI of 54 suggests that the momentum is still favoring bulls, and this could push the price of CRCL stock to $80.

The ADX line that is also rising despite the rally halting at $75, suggests that the uptrend is still strong and the crypto stock could continue the uptrend.

Macro Factors Weigh on CRCL Stock Price

The recent drop in CRCL stock also comes as geopolitical risks reduce demand for US-listed stocks after President Trump said that there are no talks that are going on between the US and Iran.

The Federal Reserve will also release the minutes for the July FOMC meeting today, August 19, and a hawkish tone in those minutes could weigh on the CRCL stock price.

The initial jobless claims report coming out on August 20 could also affect the outlook on whether the Fed will trim or hike interest rates during the September FOMC meeting.