Bullish and Circle (CRCL) thrived after obtaining New York license

Shares of Bullish (BLSH) and Circle (CRCL) surged Thursday after Bullish obtained a New York license to operate in the U.S. CEO Tom Farley said this is crucial to his business model. Circle also benefited from strong USDC applications, with its circulation rising to $72.36 billion as of September 11. Regulators, including the GENIUS Act, approved support for stablecoins such as the USDC, boosting optimism about Circle's growth. Analysts expect cross-border and consumer payment use cases to drive further market capitalization expansion.