Circle

Circle is the company behind USDC, the second-largest dollar stablecoin and one of the pillars of the crypto economy. Each USDC is meant to be backed one-for-one by cash and short-term US Treasuries, so the token behaves like a digital dollar that settles on blockchains in seconds, and Circle earns most of its money from the interest on those reserves. That makes it an unusual business: its revenue rises and falls with interest rates as much as with crypto activity. Founded in 2013 by Jeremy Allaire and Sean Neville and based in New York, Circle also issues a euro stablecoin and a tokenized money-market product, and it went public in 2025. The stock is effectively a bet on stablecoins going mainstream in payments, tempered by the risk that rate cuts shrink its reserve income or that regulation reshapes the market.

On MyRWA, CRCL trades tokenized across 50 on-chain venues - see the listings below.