Circle rides surging USDC adoption as soaring circulation, rising volumes and expanding networks power its growth momentum.
Circle Internet Group (CRCL) is upgraded to Buy, reflecting strong Q3 results and an attractive valuation after a share price dip. CRCL's Q3 revenue grew 12.4% QoQ, with USDC circulation rising from $61.3B to $71.3B and robust free cash flow generation. Despite Fed rate cuts pressuring yields, CRCL's trust advantage and audited reserves position it for continued growth in stablecoins.
CRCL's Arc Network enters public testing with 100+ major partners, positioning Circle for a potential leap in internet-finance growth.