Circle Internet Financial (CRCL) is trading 2% up at $75.06 today.
- This rise follows news of Bank of New York Mellon expanding its partnership with Circle to provide advanced stablecoin services for institutional clients.
- New Federal Reserve rules for stablecoins are also seen as potentially strengthening Circle's core business and USD Coin's market position.
- These positive developments appear to outweigh the company's recent removal from several major Russell Growth indices, which also occurred today.