Circle Internet Group (CRCL 3.58%) is a global financial technology (fintech) company. It is best known for its stablecoin, USDC (USDC -0.0%) and its increasingly prominent role in the digital currency and blockchain space.
It provides a platform and network infrastructure for businesses to utilize digital currencies and public blockchains for payments, commerce, and financial applications. Circle also offers a suite of related services and products, including developer tools and integration services to help businesses incorporate stablecoins into their operations.
Circle was founded in October 2013 by Jeremy Allaire and Sean Neville. Allaire and Neville started the company with the mission of making digital value flow as freely as online information.
Their initial focus was on facilitating Bitcoin (BTC 1.22%) payments, launching a mobile payment platform called Circle Pay that allowed users to hold, send, and receive both cryptocurrency and traditional currencies. The platform later expanded to include fiat currency and other digital currency solutions.
Circle and Coinbase (COIN 0.81%) partnered to co-found Centre Consortium in 2018, at which point the companies launched the USD Coin (USDC) stablecoin together. They aimed to create a standard for fiat on the internet and promote global adoption of fiat-backed stablecoins.
While Circle is the sole issuer of USDC, it shares revenue with Coinbase from interest earned on USDC reserves. Coinbase also holds an equity stake in Circle.
Circle went public in June 2025. Circle's initial public offering (IPO) was considered incredibly successful, particularly after years of a sluggish IPO market. The stock opened at $69 per share and surged to $103.75 before closing at $83.23, representing a nearly 168% increase from the IPO price.
By the end of June 2025, the stock reached an all-time high of $298.99, an 865% gain from the IPO price. Despite the successful IPO, Circle's stock price experienced a pullback after reaching its peak in late June. In August 2025, Circle announced a secondary offering of 10 million Class A shares, with 8 million being sold by existing shareholders, including Allaire, its CEO.
Here's what investors need to know about how to buy Circle Internet Group stock, whether the company is profitable, whether it pays a dividend, and so much more. Let's dive right in.
How to buy
How to buy Circle Internet Group stock
Because Circle is a publicly traded company, you can buy shares as easily as you would any other U.S.-listed stock. If you're interested in snagging a few shares of the company, here's your step-by-step guide for buying Circle Internet Group stock right now.
- Step 1: Open your brokerage app. Log in to your brokerage account where you handle your investments.
- Step 2: Search for the stock. Enter the ticker or company name into the search bar to bring up the stock's trading page.
- Step 3: Decide how many shares to buy. Consider your investment goals and how much of your portfolio you want to allocate to this stock.
- Step 4: Select order type. Choose between a market order to buy at the current price or a limit order to specify the maximum price you're willing to pay.
- Step 5: Submit your order. Confirm the details and submit your buy order.
- Step 6: Review your purchase. Check your portfolio to ensure your order was filled as expected and adjust your investment strategy accordingly.
Should I invest?
Should I invest in Circle Internet Group stock?
Whether or not you should invest in Circle Internet Group will require you to closely examine the types of stocks you gravitate toward, your risk tolerance, and the goals you've set for your portfolio. Circle Internet Group is likely a better fit for investors with a healthy appetite for risk, as well as an understanding of and interest in the complexities of the stablecoin space.
Circle is an undeniably dominant force in the stablecoin market -- USDC is the second-largest stablecoin globally.
The overall stablecoin market is predicted to experience significant growth, potentially reaching $2 trillion by 2028, according to McKinsey. That presents a strong tailwind for Circle's revenue potential.
The recent passage of the Genius Act in the U.S. has established clearer rules and protections for asset-backed digital tokens, such as stablecoins. Many consider this a significant positive for Circle that could reinforce its position as a regulated leader in the industry.
Circle's partnerships with major crypto exchanges, such as Coinbase and Binance (BNB 2.2%), provide a solid distribution network and liquidity for USDC. Circle is actively expanding its offerings with initiatives like its Circle Payments Network and Arc blockchain, which are designed to further enable stablecoin-based financial applications and payments moving forward.
Circle's core business model revolves around issuing and managing USDC. Circle maintains reserves of cash and short-term U.S. Treasury bills that back every USDC in circulation.
The company invests a portion of these reserves primarily in short-term U.S. Treasury bills, earning interest on these investments, which constitutes the vast majority of the company's revenue. The more USDC in circulation and the higher the U.S. Treasury interest rates, the more revenue Circle generates from the reserve yield.
In the second quarter of 2025, Circle's revenue increased by 53% year over year to $658 million. USDC in circulation surged by 90% year over year, reaching $61.3 billion. Circle is expanding beyond just stablecoin issuance and aims to become a broader financial infrastructure provider. That said, there are some risks to consider that make Circle a more likely pass or at least a very cautious buy for some investors.
When interest rates rise, the yield earned on its reserves increases, boosting Circle's revenue. Similarly, lower interest rates would decrease Circle's yield and slash a significant portion of its current revenue stream.
However, lower interest rates could also make holding USDC more attractive for consumers than traditional low-yielding savings options, which could increase transaction volume and other platform-related revenues for Circle.
Circle's heavy reliance on key partners such as Coinbase for USDC distribution and revenue sharing also creates a dependency that could affect its performance if those relationships were to change. Time will tell how Circle's platform responds in a changing interest rate environment and against the backdrop of the rapidly evolving stablecoin industry.
The company is actively working to diversify its revenue streams and build a strong competitive position in the evolving fintech landscape.
Profitability
Is Circle Internet Group stock profitable?
In the second quarter of 2025, Circle reported a net loss of $482 million, primarily due to noncash charges related to the company's IPO. However, adjusted earnings before interest, taxes, depreciation, and amortization (EBITDA) grew 52% year over year to $126 million.
Circle does have a history of profitability prior to this point. For example, Q1 2025 net income totaled about $65 million. Circle was also profitable in full-year 2024, reporting net income of $156 million. The amount was a decrease from 2023, when it reported $268 million in net income.
Dividends
Does Circle Internet Group stock pay a dividend?
No, Circle Internet Group does not currently pay dividends on its stock, and management has not indicated any plan to pay them in the future.
ETF options
ETFs with exposure to Circle Internet Group stock
Numerous exchange-traded funds (ETFs) hold shares of Circle Internet Group stock. These include the ARK Innovation ETF (ARKK 0.81%), the ARK Next Generation Internet ETF (ARKW 0.67%), the ARK Fintech Innovation ETF (ARKF 0.6%), and the VanEck Digital Transformation ETF (DAPP 2.56%).
Stock splits
Will Circle Internet Group stock split?
No, Circle Internet Group has not yet announced a stock split. Given that the company is newly public with a relatively accessible share price, it is unlikely to do so anytime soon.
Related investing topics
The bottom line on Circle Internet Group stock
Circle Internet Group presents an intriguing but potentially risky investment opportunity. Its leadership in the growing stablecoin and fintech market, along with its expansion into related services, could offer significant upside potential. However, investors should be mindful of the company's reliance on interest income and its high valuation when making any investment decision.
If you are considering putting cash to work in Circle, it's important to understand your personal appetite for risk, maintain a long-term buy-and-hold perspective, and take a position in this stock only as part of an already well-diversified portfolio.
FAQ
Investing in Circle Internet Group stock FAQ
How can I invest in Circle Internet Group?
To purchase Circle Internet Group stock, you will need to create an account with a brokerage firm or log in to your existing account. After creating an account and verifying it, you can deposit funds and purchase shares.
Is Circle Internet Group a good investment?
Circle Internet Group could present a compelling buying proposition for some long-term investors with a generous risk tolerance level and desire to put cash into a leader in the explosive stablecoin space.
What is the prediction for CRCL stock?
Some Wall Street analysts are very bullish about CRCL stock, citing the potential of stablecoin adoption and favorable regulatory changes. Others are more cautious, though, pointing to potential headwinds for the business, such as rate cuts and competition from yield-bearing alternatives, that ought to be considered.
Can I buy shares of Circle Internet Group?
Yes, you can buy shares of Circle Internet Group. Circle Internet Group went public on the New York Stock Exchange on June 5, 2025, and its stock is traded under the ticker symbol CRCL.
