These 10 Stocks Boast Double-Digit Gains Amid Boring Market

1. Circle Internet Group (NYSE:CRCL)

Circle Internet jumped by 33.82 percent on Wednesday to hit its fifth record high just this month, following the Senate’s passage of Stablecoin legislation.

On Tuesday, the Senate gave its green light for the GENIUS Act, which provides a federal government framework for use of the cryptocurrency whose value is tied to the US dollar.

This would allow financial companies such as banks, fintech, and retailers, among others, to use stablecoins.

The news followed Circle Internet Group’s (NYSE:CRCL) announcement earlier this week that its USDC stablecoins are being adopted by retail giants Amazon and Walmart, as well as e-commerce operator Shopify.

According to Circle Internet Group (NYSE:CRCL), Shopify began rolling out its feature that enables merchants to accept USDC stablecoins—a cryptocurrency founded by its founders Jeremy Allaire and Sean Neville—for payments and order fulfillment flows.

Circle Internet Group (NYSE:CRCL) also said that it partnered with blockchain firm Ripple to bring USDC stablecoins to the latter’s XRP Ledger blockchain as well as with digital identity company World for the addition of USDC and CCTP V2 (Cross-Chain Transfer Protocol) on World Chain.

While we acknowledge the potential of CRCL to grow, our conviction lies in the belief that some AI stocks hold greater promise for delivering higher returns and have limited downside risk. If you are looking for an AI stock that is more promising than CRCL and that has 100x upside potential, check out our report about this cheapest AI stock.

READ NEXT: 20 Best AI Stocks To Buy Now and 30 Best Stocks to Buy Now According to Billionaires.

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