Circle Internet Group, Inc. Class A (CRCL)

Circle Internet Group went public on June 5, 2025, at $31.00 per share, opening at $69.00. The stock surged by 20.57% on June 20, 2025, reaching an all-time high of $298.99 on June 22, 2025, before declining significantly. By November 19, 2025, it fell below its listing price. Q3 2025 earnings beat estimates, but the stock continued to decline, with significant insider selling. As of November 27, 2025, analysts have a consensus "Hold" rating, and the stock has been volatile.

Demand for Circle's products is influenced by interest rates and stablecoin volume, as revenue is derived from interest earned on backing funds. Circle is diversifying its income through software services like the Circle Payments Network (CPN). Demand for USDC is expected to grow with institutional adoption for payments and cross-border settlements. Regulatory clarity is crucial for increasing comfort among larger funds and banks. Circle's value is influenced by usage, interest rates, and market competition.

Circle Internet Group, Inc. operates in the Financial Services sector, focusing on digital currencies and public blockchains. Its products include USD Coin (USDC), EUR Coin (EURC), and USYC, a tokenized money market fund. Circle offers APIs and platform services for minting, redeeming, and transferring USDC, integrating fiat-to-digital rails, and managing treasury functions. It also provides a web3 wallet platform and the Circle Mint platform.

Circle Internet Group has a global presence, serving corporate clients, fintechs, exchanges, and developer communities across various jurisdictions. The company is headquartered in New York City, United States.

In the past year, Circle has emphasized compliance and transparency, publishing disclosures on USDC reserves. The company was recognized as one of the TIME 100 Most Influential Companies of 2023. Sentiment is positive regarding Circle's role in the digital asset revolution, but concerns exist about over-valuation and competitive pressures. The company is committed to operating within existing financial and regulatory systems and pursuing global regulatory approval.

Circle Internet Group's stock is held by institutional (37.80%), insider (18.92%), and retail investors (43.28%). Chuang XI Capital Ltd is the largest individual shareholder. Major institutional owners include General Catalyst Group Management, Llc, Fmr Llc, IDG China Capital Fund III Associates L.P., Marshall Wace, Llp, Susquehanna International Group, Llp, Vanguard Group Inc, BlackRock, Inc., Jane Street Group, Llc, and Sumitomo Mitsui Trust Group, Inc.