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Circle Internet

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Circle shares slip as major firms back Open Standard stablecoin plan
business1 month ago

Circle shares slip as major firms back Open Standard stablecoin plan

Circle Internet stock fell after Bloomberg reported a coalition of Visa, Stripe and more than 100 financial firms is launching the Open Standard venture to issue a US-dollar-backed stablecoin called Open USD, with Stripe’s Zach Abrams as interim CEO. Partners—including Visa, BlackRock, Klarna, Alphabet, Chime and Coinbase—plan to integrate the stablecoin into their systems later this year, potentially increasing competition with the dominant stablecoins USDC and USDT.

via Yahoo Finance|
#business#circle-internet#fintech
Top Stock Market Movers: AMD, Nvidia, Oklo, and More
business9 months ago

Top Stock Market Movers: AMD, Nvidia, Oklo, and More

Stocks saw broad gains with AMD projecting over 35% operating margins and $20+ earnings per share in five years, Oklo advancing its nuclear fuel facility, and On Holding surpassing profit expectations and raising guidance. Nvidia declined slightly despite strong server demand, while Circle Internet dropped after earnings and outlook updates. Other notable moves included Bill Holdings exploring a sale, USA Rare Earth securing UK approval for its mine, and Chevron planning power plants for data centers. Overall, investor optimism persisted amid positive earnings and strategic developments.

via Barron's|
#amd#business#circle-internet
Circle to Announce First Post-IPO Earnings Amid Stablecoin Growth
business1 year ago

Circle to Announce First Post-IPO Earnings Amid Stablecoin Growth

Circle Internet Group reported strong Q2 revenue of $658 million, surpassing forecasts, and showed signs of growth despite a net loss mainly due to IPO charges. The company's stock rose nearly 6% premarket, supported by positive analyst ratings and regulatory clarity from the Genius Act, though some analysts remain cautious due to increasing competition and high valuation. Overall, the company's prospects look promising, but investors should remain cautious amid market volatility and competitive pressures.

via Barron's|
#business#circle-internet#earnings-report
Circle's Stock Volatility Reflects Stablecoin Market Uncertainty
business1 year ago

Circle's Stock Volatility Reflects Stablecoin Market Uncertainty

Circle Internet's stock has surged nearly 700% since its IPO, but an analyst from Compass Point believes the stock is overvalued and has set a price target 18% below current levels, citing optimistic long-term assumptions and the need for broader adoption of USDC outside of cryptocurrencies. Despite the rally, concerns about valuation, competition, and regulatory developments remain, though partnerships and regulatory progress could support future growth.

via MarketWatch|
#business#circle-internet#regulation
Stablecoin Legislation Sparks Record Market Growth and Bipartisan Support
business1 year ago

Stablecoin Legislation Sparks Record Market Growth and Bipartisan Support

Shares of Circle Internet soared to a 52-week high following the U.S. Senate's passage of the GENIUS ACT, which establishes a regulatory framework for stablecoins, boosting confidence in the sector and benefiting companies like Circle and Coinbase. The legislation is expected to accelerate stablecoin market growth, potentially reaching over $2 trillion, and positions Circle as a leading player in the evolving digital currency landscape.

via TipRanks|
#business#circle-internet#cryptocurrency