Circle (CRCL) stock is up over 17% in the past week, showing significant gains compared to other crypto-focused stocks on the US market. With a year-to-date gain of 50.6%, the stock has delivered plenty of excitement for investors, especially for those who weathered last month’s dip of 16.0%. Its rebound this week has stock investors looking ahead to its Q3 earnings report, which could send shares even higher.
Thanks to the surge of the crypto market in 2025, CRCL has rewarded early investors with huge gains. Circle offers the USDC stablecoin, which is redeemable on a one-for-one basis for U.S. dollars and is backed by reserves consisting of highly liquid, price-stable cash and cash equivalents. Currently, Circle is benefiting from the strong adoption of the USDC stablecoin. As of last week, $72.36 billion USDCs were in circulation, rising from $65.2 billion as of Aug. 10, 2025, and $61.3 billion at the end of the second quarter of 2025.
Furthermore, Circle’s expanding partner base that includes the likes of Binance, Corpay, FIS, Fiserv, OKX, Finastra, and Fireblocks is a plus for the stock’s future. Circle recently inked a partnership with Fireblocks, under which the former’s stablecoin network will complement Fireblocks’ custody and payments infrastructure tools to provide cross-border treasury and tokenization asset settlement. The partnership with Finastra now enables banks to integrate USDC settlement into cross-border payment flows.
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Analysts appear optimistic that Circle’s market cap and stock will continue to grow in the future. Loomis Sayles Small/Mid Cap Growth Fund stated the following regarding Circle in its second quarter 2025 investor letter: “ATI, Circle Internet Group (CRCL), and BWX Technologies were the top individual contributors to performance… We believe there are several long-term use cases such as cross-border and consumer payments that could dramatically grow Circle’s USDC market capitalization.”