Stablecoin concept stocks rise at the beginning of the trading session, Coinbase rises by nearly 7%, with a cumulative increase of 75% over the year

On Friday, stablecoin concept stocks initially rose, with Coinbase up nearly 7% and a market value exceeding $110 billion, with a cumulative increase of over 75% for the year; Robinhood and Circle have risen by over 6%. On the news front, on Thursday, the US House of Representatives overwhelmingly passed three legislative bills on regulating cryptocurrencies such as stablecoins, handing them over to President Trump for signing into law. Trump plans to sign cryptocurrency legislation bills, including the Genius Act, at an event on Friday to make them officially effective as law.