On September 1, Circle Internet Corp. rose 5.24% in regular trading, trading at $91.605/share with turnover of $565 million, rebounding sharply from a 7.53% single-day decline on August 28.

The primary catalyst is Circle's official announcement on August 28 that it will become Chelsea Football Club's principal partner and front-of-shirt sponsor starting from the current season. The USDC brand logo will appear across the men's, women's, and academy team shirts for all domestic and European competitions. The deal is reportedly valued at approximately £65 million per year (~$88.3 million), making Circle the first crypto financial services company to secure a main shirt sponsorship position in the English Premier League. Circle's longstanding UK e-money license, obtained in 2016, positions it favorably against regulatory scrutiny from the Financial Conduct Authority.

Broader fundamentals also support the rebound. Bernstein maintains an Outperform rating with a $140 target price, citing a USDC supply surge of $2 billion over seven days and USDC transaction volume share overtaking USDT. Additionally, the FASB's proposed guidance allowing qualifying stablecoins to be classified as cash equivalents on corporate balance sheets further reinforces the institutional adoption thesis for USDC.

(The above content is based on publicly available market information, generated by a program or algorithm, and is intended solely as a stock movement alert. It does not constitute investment advice or a basis for trading decisions.)