Circle Internet Group has become the largest component of VanEck’s digital asset corporate index, comprising approximately 13% of the MVIS Global Digital Assets Equity Index (MVDAPP). This is an increase from around 11% observed earlier. The MVDAPP index tracks significant companies within the crypto sector that derive at least half of their revenue from digital assets. Investors can access this index through VanEck’s Digital Transformation ETF, which has over $210 million in assets and reported a 5.3% return year-to-date. Circle, which maintains the USDC stablecoin, began trading on the NYSE recently and saw its stock soar past its IPO price of $31, surging 750% since then. On the latest trading day, Circle stocks increased by over 11% to reach $263. USDC is expected to play a crucial role in the digital asset economy pending legislative developments involving the GENIUS Act, which was recently passed by the Senate. Moreover, plans are underway for using USDC as collateral in futures trading through Coinbase derivatives, with implementation expected next year.

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