Axios VisualsCircle Internet, the only publicly traded stablecoin issuer in the U.S., extended its extraordinary post-IPO run Friday after securing its first analyst buy rating.Why it matters: The bullish outlook for stablecoins continues to grow,

That strategy will become tricky. Coinbase CEO Brian Armstrong has advocated for bundling the two bills together, arguing that only passing the stablecoin bill may hurt enthusiasm or leverage to get the so-called CLARITY Act passed, which stand to remove crypto tokens — and Coinbase's role in selling them — from regulatory crosshairs.