US Stock Market Move | Stablecoin concept stocks rose in early trading, with Coinbase (COIN.US) up nearly 7% and a year-to-date increase of 75%.

On Friday, the concept stocks of stable coins rose in the morning trading. Coinbase (COIN.US) surged nearly 7%, with a market value exceeding 110 billion US dollars and a cumulative increase of over 75% so far this year; Robinhood (HOOD.US) and Circle (CRCL.US) also rose over 6%. In terms of news, on Thursday, the U.S. House of Representatives overwhelmingly passed three legislative proposals related to the regulation of stable coins and other cryptocurrencies, handing them over to President Trump to be signed into law. Trump plans to sign the cryptocurrency legislation, including the "Genius Act," during an event on Friday, officially making them into law.