Coinbase and Circle rise after hours on stablecoin momentum and rate hopes

  • Shares in cryptocurrency firms Coinbase Global Inc (NASDAQ:COIN) and Circle jumped after US markets closed on Thursday, lifted by renewed interest in the stablecoin sector and growing expectations of interest rate cuts in the United States. Circle, which only listed on Nasdaq earlier this month, rose 7.6% after rebounding from a sharp sell-off earlier in the week.