Circle’s blockchain-based ecosystem for stablecoin payments is expanding.
Circle (CRCL +4.70%), the fintech company best known for issuing the USD Coin (USDC 0.01%) stablecoin, went public at $31 on June 5, 2025. It now trades at about $87.
Circle’s stock skyrocketed as the demand for its USD Coin stablecoins rose. USD Coin is directly backed by cash and U.S. Treasuries held by regulated custodians, which sets it apart from other stablecoins that rely on opaque assets to maintain their peg to the U.S. dollar.
Image source: Getty Images.
Circle generates most of its profits by investing its own USD Coin reserves into U.S. Treasuries, bank deposits, and other low-risk instruments to earn interest. It’s also generating more platform and…
