Circle

Issues USD Coin (USDC) and Euro Coin (EURC), the world's second-largest regulated stablecoins, and operates a global payments network for on-chain settlement. Circle went public on the NYSE in June 2025 under ticker CRCL after pricing its IPO above range. USDC circulation was up 108% YoY in Q3 2025, and revenue and reserve income hit $740M that quarter. In late June 2026 a consortium of more than 140 companies — including Stripe, Visa, Mastercard, Coinbase, and BlackRock — unveiled Open USD, a rival US-dollar stablecoin initiative aimed squarely at USDC's issuer-captures-the-yield economics; Circle's stock fell more than 17% on the announcement.