Circle Launches USDC with $73.7 Billion Market Cap, Second in Stablecoin Market
Written by Emily J. Thompson, Senior Investment Analyst
Updated: 1h ago
0mins
Source: Yahoo Finance
- USDC Market Position: Launched by Circle in 2018, USDC currently has a circulation of $73.7 billion, commanding a 24% share of the global stablecoin market, second only to Tether, highlighting its central role in the crypto economy.
- PYUSD User Targeting: PayPal launched PYUSD in August 2023, aiming to provide a simple digital asset experience for mainstream users, although its current market cap of $3.7 billion indicates challenges in attracting crypto novices.
- Transaction Volume Surge: USDC's on-chain transaction volume reached $9.6 trillion in Q3 2025, a staggering 580% year-over-year increase, demonstrating its widespread use and liquidity in crypto trading.
- Yield Comparison: USDC typically offers around 3.5% annual yield through DeFi protocols, while PYUSD provides 3.75% annual yield directly within the PayPal app, reflecting competitive dynamics in user returns.
Analyst Views on CRCL
Wall Street analysts forecast CRCL stock price to rise over the next 12 months. According to Wall Street analysts, the average 1-year price target for CRCL is 143.07 USD with a low forecast of 65.00 USD and a high forecast of 280.00 USD. However, analyst price targets are subjective and often lag stock prices, so investors should focus on the objective reasons behind analyst rating changes, which better reflect the company's fundamentals.
17 Analyst Rating
10 Buy
4 Hold
3 Sell
Moderate Buy
Current: 71.350
Low
65.00
Averages
143.07
High
280.00
Current: 71.350
Low
65.00
Averages
143.07
High
280.00
About CRCL
Circle Internet Group, Inc. is a global financial technology company. It operates as a platform, network, and market infrastructure for stablecoin and blockchain applications and the issuer of a United States dollar-denominated stablecoin, USDC and a euro-denominated stablecoin, EURC (collectively Circle stablecoins). It provides a stablecoin network and a range of blockchain-specific software infrastructure. Its product offerings include Stablecoins, Developer Services, Integration Services, and Tokenized Funds. Developer Services develops an array of developer-ready and enterprise-grade infrastructure services that developers can plug into their own applications. It connects and integrates products, such as USDC across blockchain networks. Its Tokenized Funds are regulated yield-bearing investments for collateral use in capital markets. It also offers liquidity services, which provides institutional minting, reserving, redemption, and foreign exchange services for Circle stablecoins.
About the author
Emily J. Thompson
Emily J. Thompson, a Chartered Financial Analyst (CFA) with 12 years in investment research, graduated with honors from the Wharton School. Specializing in industrial and technology stocks, she provides in-depth analysis for Intellectia’s earnings and market brief reports.
