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Bernstein says Circle selloff may overstate risk as Clarity Act targets distributors, not issuers
markets16 days ago

Bernstein says Circle selloff may overstate risk as Clarity Act targets distributors, not issuers

Bernstein argues the recent Circle stock drop tied to proposed stablecoin rules may be overdone, noting the Clarity Act focuses on distributors of stablecoins rather than issuers. Circle earns revenue from its reserve holdings and does not pay direct yields to token holders, a distinction Bernstein says could actually strengthen Circle’s position. The near-term impact is expected to hit intermediaries like Coinbase, while Bernstein remains bullish on Circle and Coinbase due to long‑term stablecoin adoption.

via The Block|
#bernstein#circle#clarity-act
Circle rebounds as markets swing after historic one-day drop
finance16 days ago

Circle rebounds as markets swing after historic one-day drop

Circle stock rebounds after its biggest-ever single-day drop, as a broad market swing drives wide moves across equities and crypto: AMD +7.59%, INTC +7.45%, ARM +17.86%, JD +8.04%, CHWY +13.43% while ONON falls -11.75% and DPRO drops -22.12%; Bitcoin-USD +2.02% and Ethereum-USD +2.27%, illustrating a volatile trading day with numerous double-digit moves across tickers.

via Yahoo Finance|
#circle#crypto#finance
Prosecutors warn GENIUS Act could enable stablecoin fraud profits
business2 months ago

Prosecutors warn GENIUS Act could enable stablecoin fraud profits

New York prosecutors say the GENIUS Act, the bipartisan stablecoin bill, falls short on forcing issuers to return stolen funds and could let stablecoin firms like Tether and Circle profit from fraud; they cite the ability to freeze funds and earn interest on reserves, claiming about $1 billion in 2024 profits for each firm and millions currently held frozen, while critics warn it lacks consumer protections.

via CNN|
#business#circle#genius-act
Bermuda bets on a fully on-chain economy with Coinbase and Circle
policy2 months ago

Bermuda bets on a fully on-chain economy with Coinbase and Circle

Bermuda unveiled a plan, announced at Davos, to transform the island into a fully onchain economy by partnering with Coinbase and Circle to deploy digital asset infrastructure across government, banks, businesses, and consumers. The initiative centers on piloting stablecoin payments (USDC), expanding USDC adoption, and supporting tokenization and digital finance education, with a non-exclusive approach that could attract additional technology partners while lowering costs and broadening access to global finance.

via The Block|
#bermuda#circle#coinbase
Circle maps a programmable internet of money in its 2026 financial-system report
business2 months ago

Circle maps a programmable internet of money in its 2026 financial-system report

Circle’s 2026 Internet Financial System report argues that regulated, full-reserve digital dollars and open internet-native money protocols will become the backbone of a global, programmable economy, with USDC and Circle at the center as public blockchains evolve into trusted platforms for trillions in value, enabling broader digital-asset markets, global payments, humanitarian finance, and on-chain infrastructure under converging regulatory foundations.

via Circle Internet|
#blockchain#business#circle
Coinbase Under Senate Spotlight Over Stablecoin Rewards
business2 months ago

Coinbase Under Senate Spotlight Over Stablecoin Rewards

Coinbase is watching a major crypto bill advance toward Senate review, with the central issue being whether platforms can continue offering rewards on stablecoin holdings. Coinbase views those rewards as a core part of its business and may resist strict limits, while some lawmakers want rules that could restrict rewards to banks. Stablecoin rewards underpin a meaningful revenue stream tied to USDC reserves, with about 3.5% yields on certain holdings and Bloomberg data projecting roughly $1.3 billion in stablecoin-related revenue for 2025. Wall Street currently signals a Moderate Buy on COIN with an average target of $361.63, implying about 50% upside.

via TipRanks|
#business#circle#coin
Circle Shares Decline Amid 10 Million Share Offering
business8 months ago

Circle Shares Decline Amid 10 Million Share Offering

Circle Internet Group's stock fell over 5% after announcing a public offering of 10 million shares, with 2 million offered by the company and 8 million by existing shareholders. Despite the offering, shares rose 1.3% after reporting its first quarterly results, with revenue up 53% driven by stablecoin growth, though the company posted a loss due to IPO-related charges.

via CNBC|
#business#circle#ipo
Wall Street Divided on Circle's Future Amid High Valuation Concerns
business9 months ago

Wall Street Divided on Circle's Future Amid High Valuation Concerns

Needham's top analyst, John Todaro, has initiated coverage on Circle Internet (CRCL) with a Buy rating and a new price target of $250, citing the rapid growth of stablecoins, especially USDC, and the passing of the GENIUS Act as key catalysts. Todaro highlights Circle's strong market position, compliance advantages, and high-margin potential, predicting significant market share gains and a 50% CAGR for USDC through 2028. Despite a moderate consensus rating of Moderate Buy, the stock shows promising upside potential.

via TipRanks|
#business#circle#cryptocurrency
Circle Seeks U.S. Bank Charter Following IPO Success
business9 months ago

Circle Seeks U.S. Bank Charter Following IPO Success

Circle Internet Group has applied for a national trust bank charter to integrate stablecoins into traditional finance, aiming to establish the First National Digital Currency Bank, N.A., which would also offer custody services for assets like stocks and bonds on a blockchain. This move follows a successful IPO and aligns with recent U.S. regulatory developments, potentially strengthening the USDC stablecoin infrastructure and the U.S. dollar's resilience.

via CNBC|
#bank-charter#business#circle