Circle (stock ticker CRCL) is the company behind the popular stablecoin USDC. They have a fantastic business model where they accept wire deposits, issue a digital token and then put the deposits into treasuries to profit on the interest. USDC is the second largest stablecoin behind USDT (Tether) and has seen solid TVL growth this year.
CRCL stock price is currently $82.34 as of close on 2025-11-13. That gives it a current market cap of $19B Revenues grew by 66% to $739.7 million from $445.76 million year-on-year. USDC is more widely used in DeFi which I expect will provide growth over the coming decade. The USDC token is rolled out across most major blockchains. There is also a bridging system that called cross-chain transfer protocol which could become a popular way to move funds between chains. If crypto doesn’t die completely they are well positioned with diverse utility across a multitude of ecosystems. This creates a solid moat that makes it difficult for competitors to gain traction. On the risk side the stock is going to be highly correlated to Bitcoin and the wider blockchain sector. The company is also sensitive to interest rate cuts which are expected this year and next. Beyond that this is a best in class investment into stablecoins and the company is well aligned with the US crypto push. The timing is questionable as we are in a “is it over” phase of the market but with the decline in stock price since the IPO it looks fair value. Let’s check back in 10 years. Remember to do your own research. Not a financial advisor, not financial advice.
Social links are below and if you enjoyed this newsletter I would appreciate it if you could share this content
|
0 Komentar untuk "Investing In Circle (USDC Issuer)"