Why did CRCL move on Jun 29, 2026?
19:55 ET · AI-sourced explanation · gemini-flash-latest
Circle's stock moved following the announcement of an expanded partnership with BNY, which will make Circle's USDC the first stablecoin available on BNY's Digital Asset Custody platform [4, 5, 6]. This integration allows BNY clients to store, transfer, mint, and burn USDC directly through the institutional-grade platform [5, 6, 15]. Additionally, the company announced that its USDC and EURC stablecoins, along with its Cross-Chain Transfer Protocol (CCTP), have officially launched on the Cronos blockchain [1].