Latest news with #CircleInternetGroup
Yahoo
6 hours ago
- Business
- Yahoo
Jim Cramer Says CoreWeave Winners Likely Turned Circle into a Meme Stock
Circle Internet Group (NYSE:CRCL) is one of the stocks on Jim Cramer's radar. Cramer discussed the company's price movement after its IPO during the episode, as he said: 'Next up, the larger deal was Circle Internet Group. The IPO market was starting to heat up… by the time Circle came public in early June. But even though Circle upsized its deal significantly and raised its offer price range and then still priced well above the high end of the range, it wasn't ambitious enough. Deal priced at 31, but the stock opened for trading at 69. Within three weeks, it was nearly at 300. It's since cooled off around, they've come down to 165, but that's still probably way too high. I think winners from CoreWeave rolled their take into Circle and turned it into a meme stock.' nicholas-cappello-Wb63zqJ5gnE-unsplash Circle Internet (NYSE:CRCL) operates a platform for stablecoin and blockchain applications, as it provides U.S. dollar-denominated stablecoins and related financial infrastructure. While we acknowledge the potential of CRCL as an investment, we believe certain AI stocks offer greater upside potential and carry less downside risk. If you're looking for an extremely undervalued AI stock that also stands to benefit significantly from Trump-era tariffs and the onshoring trend, see our free report on the best short-term AI stock. READ NEXT: 30 Stocks That Should Double in 3 Years and 11 Hidden AI Stocks to Buy Right Now. Disclosure: None. This article is originally published at Insider Monkey. Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
Yahoo
2 days ago
- Business
- Yahoo
Corpay partners with Circle Group to expand stablecoin access
Corporate payments company Corpay has joined forces with a subsidiary of fintech firm Circle Internet Group to incorporate the use of stablecoins in its cross-border payment services. The tie-up will enable the use of US Dollar Coin (USDC) within Corpay's payment infrastructure, granting businesses with the ability to access 24/7 settlement times and features of blockchain technology. The implementation will involve integrating Circle Mint and associated APIs into Corpay's platform. The integration allow clients to fund their digital wallets that are branded by Corpay and powered by Circle Wallets, facilitating blockchain settlements and currency conversions. Overall, businesses can fund transactions in USDC (and where available, EURC), enabling payouts in local currencies in more than 80 countries. Additionally, Corpay is developing a system to allow its commercial card products, such as fleet, purchasing, and travel cards, to access USDC balances directly. Transactions will be processed and authorised on the blockchain, with an automatic settlement into fiat currency, the company said in a press release. Corpay Cross-Border Solutions group president Mark Frey said: 'By working with Circle and adding USDC to our funding and disbursement capabilities, we're giving our clients a new real-time option that complements the payment networks they already trust. 'This collaboration will unlock programmable controls and 24/7 liquidity without changing the way they transact today.' Circle chief business officer Kash Razzaghi stated: 'Working with Corpay represents the next evolution of how businesses move money globally—faster, more transparently, and with the power of blockchain infrastructure. 'By embedding USDC into Corpay's robust network, we're delivering enterprise-grade stablecoin utility across card payments and cross-border FX, all while upholding the compliance and reliability standards that global businesses demand.' Last month, Corpay unveiled plans to acquire B2B cross-border foreign exchange solutions provider Alpha Group International for an enterprise value of $2.2bn. The addition of Alpha's Corporate FX division, which operates in Europe, Canada, and Australia, is expected to enhance Corpay's current cross-border payment offerings. "Corpay partners with Circle Group to expand stablecoin access" was originally created and published by Electronic Payments International, a GlobalData owned brand. The information on this site has been included in good faith for general informational purposes only. It is not intended to amount to advice on which you should rely, and we give no representation, warranty or guarantee, whether express or implied as to its accuracy or completeness. You must obtain professional or specialist advice before taking, or refraining from, any action on the basis of the content on our site. Sign in to access your portfolio
Yahoo
3 days ago
- Business
- Yahoo
Better Stablecoin Buy: Tether vs. USDC
Key Points Tether is significantly larger than USDC in terms of market cap and boasts overall greater liquidity. USDC is emerging as a new payment option for U.S.-based consumers, thanks to a partnership with Coinbase. USDC provides greater transparency and a higher level of regulatory scrutiny than Tether. 10 stocks we like better than USDC › Just two stablecoins -- Tether (CRYPTO: USDT) and USDC (CRYPTO: USDC) -- account for a whopping 90% of the value of the $250 billion stablecoin market. So, for the majority of investors, the question of which stablecoin to pick really comes down to Tether vs. USDC. Since stablecoins are pegged 1-to-1 to the U.S. dollar and are designed to always trade for $1, the choice will be based on factors other than price. Here are three factors to keep in mind. Market liquidity This is one area where Tether really shines. As the world's largest stablecoin, Tether has unparalleled liquidity. And the easiest way to see that is in daily trading volume. According to the latest stablecoin research from The Motley Fool, more than $100 billion in Tether changes hands every 24 hours. No other stablecoin even comes close. USDC, for example, sees daily transaction volume of only $13 billion. If you're an active crypto trader, moving into and out of positions rapidly, this liquidity matters. And that's especially the case if you are trading on smaller cryptocurrency exchanges, or trading smaller-market-cap cryptocurrencies. There's simply less price slippage. However, if you're a long-term, buy-and-hold investor, this aspect of stablecoins may not matter at all. Over the long haul, the price of the stablecoin will always be $1, so the various fluctuations in price that occur consistently throughout the day will not matter at all. Still, the nod here goes to Tether. Score: Tether 1, USDC 0. Utility A second major factor in choosing the best stablecoin is utility. In other words, how many use cases exist for the stablecoin, and how easy is it to use? Right now, the one use case that investors are talking about is transactions. And that's where the USDC stablecoin has the upper hand for investors based in the U.S. There are simply more places where you can spend your USDC. That's due in part to the fact that the issuer of USDC, Circle Internet Group (NYSE: CRCL), is based in the U.S. Tether is based in El Salvador and has historically focused much more on emerging markets. USDC has lined up an important partner in Coinbase Global (NASDAQ: COIN) in helping to make USDC-based transactions a reality. Not to get too deep into the weeds here, but USDC is an ERC-20 token built on the Ethereum (CRYPTO: ETH) blockchain, and Coinbase has a proprietary blockchain called Base that runs on top of Ethereum. That makes it easier to create new payment mechanisms for USDC that run on Ethereum payment rails. In June, for example, Coinbase unveiled Coinbase Payments for e-commerce. In theory, websites will now be able to integrate USDC payment solutions into their backend. When customers check out, they can choose to pay with USDC rather than, say, by using a credit card. In doing so, merchants can save 2%-3% on credit card processing fees (presumably passing some of those savings on in the form of lower prices) and also get access to near-instantaneous transaction settlement. No more "transaction pending" messages or waiting three to five business days for funds to move. It remains to be seen, of course, how many partners Coinbase will be able to sign up for USDC payments. One early win, however, was Shopify (NASDAQ: SHOP). And more could be forthcoming, now that new stablecoin legislation has been enacted. So my pick here is USDC. Score: Tether 1, USDC 1. Transparency and regulatory clarity For me, this is the deciding factor. Which stablecoin is more transparent about its cash reserves? Which stablecoin gets more scrutiny from U.S. regulators? And which stablecoin has done a better job during the past few years of showing its commitment to full transparency and disclosure? The winner here is USDC, and it's not even close. Again, this goes back to the fact that Tether is not a U.S.-based entity. As a result, it is simply not subject to the same amount of scrutiny as New York-based Circle, which became a publicly traded corporation in June. There are now analysts and sophisticated Wall Street investors taking a very close look at every aspect of what goes on at Circle and USDC. That's hugely important to me, because the stablecoin industry has seen some funny business during the past few years. In fact, Tether has had its share of run-ins with U.S. regulators and lawmakers over the status of its cash reserves. When investors choose a stablecoin, they need an ironclad guarantee that they can always exchange one stablecoin for $1, no questions asked. So the tiebreaker here goes to USDC. Score: USDC 2, Tether 1. At the end of the day, Tether and USDC are obviously very similar. Both trade for $1 and both enable investors to accomplish many of the same goals. But, based on the factors outlined above, my top stablecoin pick is USDC. Should you invest $1,000 in USDC right now? Before you buy stock in USDC, consider this: The Motley Fool Stock Advisor analyst team just identified what they believe are the for investors to buy now… and USDC wasn't one of them. The 10 stocks that made the cut could produce monster returns in the coming years. Consider when Netflix made this list on December 17, 2004... if you invested $1,000 at the time of our recommendation, you'd have $631,505!* Or when Nvidia made this list on April 15, 2005... if you invested $1,000 at the time of our recommendation, you'd have $1,103,313!* Now, it's worth noting Stock Advisor's total average return is 1,039% — a market-crushing outperformance compared to 181% for the S&P 500. Don't miss out on the latest top 10 list, available when you join Stock Advisor. See the 10 stocks » *Stock Advisor returns as of August 4, 2025 Dominic Basulto has positions in Circle Internet Group, Ethereum, and USDC. The Motley Fool has positions in and recommends Ethereum and Shopify. The Motley Fool recommends Coinbase Global. The Motley Fool has a disclosure policy. Better Stablecoin Buy: Tether vs. USDC was originally published by The Motley Fool Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
Globe and Mail
4 days ago
- Business
- Globe and Mail
1 Strategic Shift That Could Redefine Crypto's Future. What You Need to Know About the BitGo IPO
Key Points The Circle IPO has opened the door for digital asset custodian BitGo to go public. New crypto market regulation, combined with wide-scale institutional adoption, makes BitGo attractive as a play on crypto growth. BitGo is a "pick-and-shovel" company, focusing on activities such as crypto custody that are important for institutional investors. 10 stocks we like better than Circle Internet Group › The crypto market has already had one splashy initial public offering (IPO) this summer, and now it may be getting another. Next up is a potential IPO from digital asset custodian BitGo, which recently filed with the Securities and Exchange Commission (SEC) for a public market launch. While an IPO from BitGo may not generate as much buzz or hype as the IPO from stablecoin giant Circle Internet Group (NYSE: CRCL), it could have a more lasting impact on the future of crypto. Here's why. BitGo and institutional adoption of crypto BitGo is a crypto custody means it stores and protects digital assets, including (but not limited to) cryptocurrencies. BitGo makes it easy to transfer digital assets into and out of a portfolio. For the individual investor, this might not seem like a big deal. After all, if you are holding your cryptocurrency assets on an exchange such as Coinbase Global (NASDAQ: COIN), it will do all the heavy lifting for you. And if you choose self-custody (which means that you hold the crypto yourself, in your own blockchain wallet), then you're obviously not in the market for a digital asset custodian like BitGo. But there are plenty of financial services firms, fintechs, and institutional investors that could avail themselves of BitGo's services. Crypto is now a multitrillion-dollar industry, and is growing rapidly. The new era of tokenization is fast approaching for the crypto industry, and this is an area where BitGo can also play a role. Tokenization creates blockchain-native digital assets that must be stored and protected, just like crypto. From my perspective, BitGo is a "pick-and-shovel" company for the crypto industry. The traditional financial services industry is still very new to crypto, and it needs the services of a digital asset infrastructure company like BitGo. In fact, BitGo now offers "crypto-as-a-service" offerings to companies embracing crypto. The investment thesis for BitGo The macro investment thesis for BitGo is easy to understand. The crypto industry is a $4 trillion behemoth, and only getting bigger. New crypto regulation is now on the way, thanks to the Trump administration's pro-crypto policies. Companies left and right are embracing the crypto treasury company model, and they will likely need custody help with their their crypto. And, finally, institutional investors are boosting their portfolio allocations to crypto, while demanding new crypto-focused financial products to meet their investment needs. If you're a skeptic, of course, this is really the investment thesis for any crypto company these days. And, indeed, some analysts have already pointed out that BitGo is just trying to take advantage of a possibly brief window of opportunity when the markets are jazzed about crypto. The Circle IPO showed that there is overwhelming demand from investors for any and all things crypto. Most likely, even investors who had never heard of stablecoins before this summer were champing at the bit to get in on Circle. Keep in mind, too, that BitGo might not even be the highest-profile crypto company to go public this year. Both Grayscale and Gemini are also itching to go public, and both of these companies arguably have more name-brand recognition than BitGo. You might not have heard of the Gemini cryptocurrency exchange, but there's no way that you haven't heard of the company's co-founders, the Winklevoss twins. A new era for crypto? Right now, BitGo has about $100 billion in crypto assets under custody, up from $60 billion at the beginning of the year. And it just announced a major new expansion into Europe, thanks to the crypto market regulation that just went into effect there at the end of 2024. Thus, it is possible to see a major strategic shift happening: the blurring of the line between traditional finance and blockchain finance. These two worlds are coming together in new ways, and no company better signifies this shift than BitGo. Think of the company as an asset manager for crypto. The future of crypto is all about regulated, scalable crypto services for institutional investors. So keep your eyes open for what happens next with BitGo. When the company filed with the SEC, it did not announce how many shares it planned to offer, or any pricing details. That, obviously, will depend on how much demand there is for the IPO. That said, if you're looking to diversify your crypto portfolio, one way to do that is by adding a pick-and-shovel company like BitGo to the mix. Should you invest $1,000 in Circle Internet Group right now? Before you buy stock in Circle Internet Group, consider this: The Motley Fool Stock Advisor analyst team just identified what they believe are the 10 best stocks for investors to buy now… and Circle Internet Group wasn't one of them. The 10 stocks that made the cut could produce monster returns in the coming years. Consider when Netflix made this list on December 17, 2004... if you invested $1,000 at the time of our recommendation, you'd have $633,452!* Or when Nvidia made this list on April 15, 2005... if you invested $1,000 at the time of our recommendation, you'd have $1,083,392!* Now, it's worth noting Stock Advisor's total average return is 1,046% — a market-crushing outperformance compared to 183% for the S&P 500. Don't miss out on the latest top 10 list, available when you join Stock Advisor. See the 10 stocks » *Stock Advisor returns as of July 29, 2025
Yahoo
5 days ago
- Business
- Yahoo
Veteran analyst makes surprising call on Circle stock ahead of earnings
Veteran analyst makes surprising call on Circle stock ahead of earnings originally appeared on TheStreet. David Koning, the veteran analyst at Baird, recommended a "Hold" rating for Circle Internet Group (NYSE: CRCL) and gave a price target of $210 to the stock on July 31. Circle is the crypto company behind the USDC stablecoin, a type of cryptocurrency that aims to keep its price stable, unlike traditionally volatile cryptocurrencies like Bitcoin, by pegging itself to a fiat currency like the U.S. dollar or a commodity like gold. USDC, as the name suggests, is pegged 1:1 to the USD. Koning recommended the Hold rating due to Circle having a balanced risk/reward profile. The crypto firm's revenue projections are in line with market expectations, with an estimated total revenue of around $640-650 million. It means that though Circle's financial health is stable, it is not expected to surpass market estimates. The company earlier said it will report its Q2 2025 financial results on Aug. stablecoin market is competitive with potential risks, the analyst added. While the market is worth nearly $268 billion, Circle's USDC accounts for around 24% share. The analyst also underlined regulatory uncertainties despite the fact that President Donald Trump has signed the GENIUS Act into law, which deals with stablecoin regulation. The analyst also factored in the caution around interest rate policy while studying the CRCL stock. Though Circle is a firm that can expect to grow, the factors mentioned led Koning to grant a Hold rating to the stock. The CRCL stock made a spectacular public debut on June 5. It was trading at $161.66 at the time of writing, down 3.8% a day. Veteran analyst makes surprising call on Circle stock ahead of earnings first appeared on TheStreet on Aug 4, 2025 This story was originally reported by TheStreet on Aug 4, 2025, where it first appeared. Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
