Stablecoin issuer Circle Internet Group is seeing its stock (NYSE: CRCL) rise yet again. Shares in the company are up more than 7% in early morning as of the time of this writing.
Circle CEO Jeremy Allaire discusses the company's revenue growth and plans to build new products. Shares of the stablecoin issuer jumped following its first earnings report as a public company.
No man is an island, but Circle Internet Group is the only publicly listed stablecoin company in the United States. Circle's $1.2 billion IPO in June marked one of the year's largest FinTech debuts, and on Tuesday (Aug.
Circle Internet Group (CRCL) shares jumped nearly 8% Tuesday as its first financial report since its initial public offering (IPO) came in better than expected on growing use of the USDC stablecoin.
Circle CEO Jeremy Allaire on Tuesday said the crypto company has increased its USDC stablecoin circulation 90% year over year and that its growth is "accelerating."
Circle Internet Group (NYSE:CRCL) shares jumped before Tuesday's opening bell as it delivered a revenue beat for its first quarter as a publicly traded company. The financial technology company reported that its total revenue and reserve income grew 53% year-over-year to $658 million, exceeding analyst estimates of approximately $646 million.
Jeremy Allaire, Circle co-founder, chairman and CEO, joins 'Squawk Box' to discuss the company's quarterly earnings results, state of crypto, future of stablecoins, and more.
Circle Internet's stock is up after it reported a wider-than-expected loss but beat analysts' revenue estimates.
It's a hot IPO summer as new listings make their long-awaited return to public markets. After a cool first half of 2025, the demand for Initial Public Offerings has exploded in Q3, with anticipated companies like Circle Internet Group Inc. NYSE: CRCL and CoreWeave Inc. NASDAQ: CRWV surpassing even the rosiest expectations upon their debut.
Circle prepares for its first post-IPO earnings call, with Q2 revenues seen at $645.4M and stablecoin momentum in focus.
Last week, a marked shift in comments from Federal Reserve officials suggested interest rate cuts could be coming sooner rather than later, after a weak jobs report. This week, inflation could take the spotlight, with fresh data due that could influence their position.
Circle Internet Group is a profitable fintech leader with a 24% market share in stablecoins, driven by its USDC adoption. Strong industry tailwinds, bullish Wall Street forecasts, and key partnerships with Coinbase and Binance position Circle for robust growth. Valuation is compelling: expected P/E compression and a forward P/S ratio comparable to mature companies make CRCL significantly undervalued.