Circle Internet Group (CRCL +0.45%) is a fintech company best known for issuing USDC, the world’s second-largest stablecoin. The company provides infrastructure that helps businesses use digital currencies and public blockchains for payments, commerce, and financial applications.
Circle makes most of its money from interest earned on the cash and short-term U.S. Treasuries that back USDC. As stablecoin usage grows, and with new U.S. laws providing clearer rules for asset-backed digital tokens, Circle’s business has gained credibility and momentum.
Circle went public in June 2025, and the initial public offering (IPO) drew heavy investor interest after a slow period for new listings. The stock surged shortly after debuting, later pulling back following a secondary share offering in August 2025. That volatility highlights both the excitement and the risk tied to Circle’s growth story.
Below, we’ll walk through how to buy Circle Internet Group stock, whether the company is profitable, if it pays a dividend, and what investors should know before considering an investment.
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 you invest in Circle Internet Group stock?
Whether Circle Internet Group is a good investment depends on your risk tolerance, interest in crypto-related businesses, and portfolio goals. Circle is best suited for investors comfortable with volatility and the evolving stablecoin landscape.
Circle is a major player in stablecoins, with USDC ranking as the second-largest stablecoin globally. The market itself is expected to grow rapidly, potentially reaching $2 trillion by 2028, which could support long-term revenue growth. Recent U.S. legislation, including the GENIUS Act, has also created clearer rules for asset-backed digital tokens, strengthening Circle’s position as a regulated leader.
Circle’s core business is issuing and managing USDC, which is fully backed by cash and short-term U.S. Treasury bills. The company earns most of its revenue from interest on those reserves, meaning higher interest rates directly boost earnings. In Q2 2025, revenue rose 53% year over year to $658 million, while USDC in circulation jumped 90% to $61.3 billion.
That model also carries risk. Falling interest rates could significantly reduce revenue, and Circle depends heavily on partners like Coinbase for distribution and revenue sharing. While lower rates could increase USDC usage, that benefit is less certain. Circle is expanding beyond stablecoin issuance through initiatives like the Circle Payments Network and Arc blockchain, aiming to diversify revenue over time. Still, given its reliance on interest income and key partners, Circle may be best viewed as a cautious buy, or a pass, for more conservative investors.
NYSE: CRCL
Key Data Points
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.
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.
The bottom line
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.
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