Circle Internet Stock News

Circle Internet Group (CRCL) is well-positioned for growth, driven by strategic partnerships with Kraken and Deutsche Börse Group to expand USDC and EURC adoption. The GENIUS Act provides regulatory clarity, fueling stablecoin adoption and supporting a projected 60% CAGR in USDC circulation, with Circle's revenue surging 53% YoY. CRCL is currently undervalued with a P/S ratio of 4.82x versus pe...

Circle Internet (CRCL 0.14%) went public on June 5 and had immediate success, with its share price rising by 750% in a few weeks. Then, the hype wore off, and this stablecoin company saw its stock plunge by over 50%.

Circle Internet (CRCL 0.26%) is at the heart of the digital finance revolution, leveraging its USDC stablecoin, the GENIUS Act tailwinds, and major partnerships. Watch and find out if Circle stock could soon hit $280 as some analysts suggest.

Circle has seen strong network growth and a robust business model centered on the USDC stablecoin. CRCL benefits from its partnership with Coinbase and earns revenue primarily from interest on US dollar reserves backing USDC. Despite high variable costs and volatility, the company's projected 40% annual growth and potential for operating leverage make its valuation reasonable.

CoreWeave (CRWV -4.96%) and Circle Internet Group (CRCL 1.87%) held initial public offerings (IPOs) earlier this year and both stocks have already posted monster returns. CoreWeave shares have tripled since March, and Circle shares have quadrupled since June.

I'm initiating Circle Internet Group at a Buy rating, as the company offers a very stable revenue stream within the Wild West of the crypto industry. CRCL's regulatory leadership, rapid USDC circulation growth, and Binance partnership position it to gain market share despite interest rate headwinds. Falling interest rates pressure CRCL's interest income, but robust USDC growth and new revenue s...

Shares of Circle Internet Group (CRCL 1.87%) fell this week, finishing down 11.9%. The drop comes as the S&P 500 fell 0.3% and the Nasdaq-100 fell 0.5%.

Circle stock price remains under pressure this month as investors assess the impact of the Federal Reserve's interest rate cuts that will impact its revenue. It has plunged by 56% from its highest point this year.