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Added to YB: 2026-07-16

Pitch date: 2026-07-13

CRCL [neutral]

Circle Internet Group, Inc.

+6.54%

current return

Author Info

GabGrowth writes about asymmetric investments that go unnoticed, with a deep focus on emerging markets. Sign up for the newsletter.

Company Info

Circle Internet Group, Inc. operates as a platform, network, and market infrastructure for stablecoin and blockchain applications.

Market Cap

$15.7B

Pitch Price

$61.66

Price Target

N/A

Dividend

N/A

EV/EBITDA

-109.55

P/E

-906.96

EV/Sales

4.95

Sector

Software

Category

N/A

Show full summary:
Open USD: The $15 Billion Question for Circle

CRCL (update): Fell 17% to ~$66 (~$15.7B cap, -70% from highs) on Open USD launch, a 140+ co consortium stablecoin (Visa, Stripe, BlackRock, Coinbase). Author sees terminal margin risk, worse Aug Coinbase renewal, distribution repricing. But cites failed precedents (Libra, USDG, CurrentC). Watching.

Read full article (5 min)