Circle

Circle

Markets

Circle is up 100% in a month: Why this stablecoin stock is suddenly the hottest trade in crypto

The stablecoin issuer has rallied as analysts point to growing demand for USDC, a higher interest-rate environment and the rapid expansion of tokenized assets.

Jeremy Allaire, Co-Founder, Chairman and CEO, Circle Speaks at Hong Kong Fintech Week in 2024 (HK Fintech Week)

Markets

Circle overtakes BlackRock in tokenized Treasuries as market hits record $11 billion

Circle’s USYC tokenized U.S. Treasury fund has grown to $2.2 billion, surpassing BlackRock’s BUIDL fund as investors increasingly seek onchain yield and collateral.

Jeremy Allaire, Co-Founder, Chairman and CEO, Circle Speaks at Hong Kong Fintech Week in 2024 (HK Fintech Week)

Markets

Circle's USDC volumes top Tether's USDT for first time since 2019, prompting sell-side price target hike

Japanese investment bank Mizuho remains neutral on Circle, but lifted it price target to $120 from $100.

(Sandali Handagama/ CoinDesk)

Markets

Circle’s outperformance highlights USDC’s staying power, says bullish Wall Street analyst

William Blair said Circle’s recent rally reflects more than macro factors, pointing to USDC resilience and growing recognition of the firm’s stablecoin infrastructure advantage.

Jeremy Allaire, Co-Founder, Chairman and CEO, Circle Speaks at Hong Kong Fintech Week in 2024 (HK Fintech Week)

Markets

Circle could rally 60% more on stablecoin adoption, AI agentic finance, Bernstein says

Stablecoins are decoupling from crypto market cycles as they are increasingly used for digital payments, Bernstein analysts said, which bodes well for USDC issuer Circle.

Jeremy Allaire, Co-Founder, Chairman and CEO, Circle Speaks at Hong Kong Fintech Week in 2024 (HK Fintech Week)

Markets

How the war in Iran and trader positioning could be behind the surge in Circle's stock

Shares were up another 9.7% on Monday, bringing them nearly to double over the past month.

Circle logo in front of a building

Markets

Bitcoin rises to $69,000, stocks reverse big early losses, as crude oil sinks back below $100

WTI crude oil, which soared nearly 30% to $120 per barrel overnight, has pulled back to $95, easing pressure on risk assets.

Bitcoin (BTC) price on March 9 (CoinDesk)

Finance

Circle moves $68 million in just 30 minutes by using its own stablecoin for internal payments

The stablecoin issuer used its Mint platform for intercompany transfers, replacing bank wires that often take days to settle, CEO Jeremy Allaire said.

Jeremy Allaire, Co-Founder, Chairman and CEO, Circle Speaks at Hong Kong Fintech Week in 2024 (HK Fintech Week)

Markets

Circle shares boosted by Middle East tensions, rising oil, fading rate cut hopes, says Mizuho

The stock has risen about 20% since the U.S. strikes on Iran over the weekend.

(Sandali Handagama/ CoinDesk)

Markets

Circle's post-earnings surge nears 50% as short squeeze, not strong financials, fuels rally

The violent move had more to do with hedge funds' overcrowded bearish positioning getting wiped out than the company’s financial performance, one analyst pointed out.

Jeremy Allaire, Co-Founder, Chairman and CEO, Circle Speaks at Hong Kong Fintech Week in 2024 (HK Fintech Week)