A landmark stablecoin bill passed by the Senate is causing Circle's stock to surge. Investors are now betting on Circle to lead the newly regulated stablecoin market.

The fintech and crypto firm has seen its share price increase dramatically since making its market debut in a highly anticipated IPO in early June. The share price of crypto and fintech company Circle Internet Group (NYSE: CRCL) is rising yet again today in early market trading.

Circle Internet Group (NYSE:CRCL) closed out Friday's session with a 21% jump, adding to its strong rally since coming public, after Seaport Global gave the stablecoin issuer its first Buy rating, calling it a "top-tier crypto 'disruptor' with a sizeable future opportunity.