November 20, 2025

Circle Internet Group stock is sliding despite strong revenue and higher average USDC in circulation

IntelME Verdict

Valuation Impact

TL;DR

Circle Internet Group reported strong Q3 earnings with a 66% revenue increase and $740 million in revenue, driven by a 97% rise in USDC circulation, but stock fell due to increased operating expenses.

Analysis

The stock's decline despite strong revenue growth and USDC circulation highlights concerns over slower-than-expected growth, rising distribution costs, and high valuation relative to adoption. Finance professionals need to reassess the stock's valuation, considering these factors and potential macroeconomic pressures.

Source

Fast Company↗