CRCL Stock Outlook as Circle Outperforms Tether With Record $1.2T Stablecoin Volumes

Circle (NYSE: CRCL) stock price is rising amid Circle’s USDC stablecoin recording $1.2 trillion in adjusted trading volumes in June 2026, with this being two times higher than the $573 billion in trading volumes posted by Tether’s USDT.

CRCL stock price gained by 4% on July 2 to close trading at $64. Circle shares are also up by 3.4% in pre-market trading today, July 6, to trade at $66 at the time of writing.

Circle’s USDC Dominates 67% Share of Stablecoin Trading Volumes

Grayscale’s head of research, Zach Pundl, notes that there was $1.78 trillion in stablecoin volumes in June 2026. Pundl notes that these are the highest volumes that stablecoins have seen in history.

USDC accounted for 67% of these volume numbers seen in June, with data from Visa showing that $1.21 trillion in USDC transactions occurred during the month.

While the $1.21 trillion by USDC was higher than the $573 billion recorded by its biggest rival, USDT, the latter had the highest transaction count of 145 million compared to the 57 million transactions posted by USDC.

USDC’s dominance in stablecoin trading volumes comes after CRCL stock price dropped on June 30 after the launch of the OUSD stablecoin that sparked fears of Circle losing its market share.

However, the bearish headwinds around CRCL stock following the launch of OUSD are easing after questions emerged about Open Standard’s claim of having 140 partners after Samsung and Dunamu, which were previously named as partners, distanced themselves from the project.

CRCL Stock Bounces From Multi-Month Support as Bulls Target $71

Circle shares dropped to the support of $62 on June 30 after the price created its biggest red candle since March 2026 due to sellers flocking the market after CRCL was removed from several Russell indexes.

CRCL has since bounced off this support of $62, and it had reached $66 at the time of writing.

But CRCL stock needs to move above the middle Bollinger band of $71 to confirm that bulls have a good grip.

The RSI reading of 36 also suggests that the momentum is still favoring bears despite the recent gain from $62 on June 30 to $66 on July 6.

This crypto stock could move past the obstacle at $71 if buying pressure rises. If these buyers also push the RSI reading above 50, the stock could reach the upper Bollinger band of $83.

Circle Stock Sustains Gains Despite Jefferies Warning

Jefferies sent a note to investors on July 2 advising them against buying CRCL stock because the new OUSD stablecoin could weaken Circle’s share in the stablecoin market.

However, the price of CRCL stock has risen from $63 on July 2 to $66 today, July 6, despite the Jefferies’ warning.

ARK Invest also purchased $17.8 million worth of Circle shares on the same day that Jefferies warned that the stock might drop.

However, USDC’s market cap has dropped from $73.75 billion on June 30 to $72.87 billion, suggesting that a slight rotation happened after OUSD’s launch.