Why Is Circle (CRCL) Stock Up 9.33% Today, Oct 15? USDC’s MiCA Designation and Citi’s $243 Price Target Fuel Optimism

Circle rose 9.33% after Citi reiterated a Buy rating and $243 target, and USDC became the first significant e-money token under MiCA in the EU, reinforcing stablecoin legitimacy for payments and settlement. The stock reclaimed its 50- and 100-day EMAs, though added EBA supervision raises compliance costs. Follow-through hinges on USDC circulation growth, cross-chain adoption and November 4 earnings.