Circle
CRCLMarket price data through July 31, 2026.
Performance
Jun 2025 – Jul 2026
Track record
How this pick has done since Benson first called it.
- Benson Return
- -63%
- How much this stock is up since Benson first picked it — measured from the price at the time of that first pick, not from today.
- First pick price
- ~$168
- Roughly what one share cost when Benson first picked this stock. This is the starting line for the Benson Return.
- Tracking since
- August 2025
- The month this stock first became a Benson pick.
- Tracking duration
- 12 months
- How long Benson has been tracking this pick.
About Circle
Circle is the company behind USDC, the second-largest stablecoin in the world. A stablecoin is basically a digital dollar that lives on the internet and moves at the speed of email. Circle holds real US Treasury bonds backing every USDC, earns interest on those Treasuries, and is now building its own payments network to compete with Visa and Mastercard.
The case for and against
Both sides of the story, in plain English.
- USDC At Massive Scale
USDC has reached 78 billion dollars in circulation and powered 11.9 trillion dollars in on-chain transaction volume last quarter, up 350 percent year over year. The company earns about 3.5 percent interest on every dollar held in reserves, which generated over 2.7 billion dollars of reserve income last year. Meta and DoorDash both started using USDC for payments.
- Arc Mainnet Launch
Circle is launching Arc, its own blockchain purpose-built for payments, on mainnet this year. Even in private testnet with only 100 companies, Arc is already running 5.7 billion dollars in annualized payment volume. If Arc captures even a small slice of PayPal's 1.8 trillion dollar payment volume, Circle becomes a payments giant on top of the stablecoin business.
- Rate Cut Risk
Most of Circle's revenue comes from interest on the US Treasuries it holds against USDC. If the Federal Reserve cuts rates aggressively, the company's main income stream shrinks. The reserve return rate already fell from 3.8 percent to 3.5 percent in just one quarter, which would compress earnings even if USDC circulation keeps growing.
- Stablecoin Regulation
The proposed Clarity Act could ban stablecoin issuers from offering rewards to holders, which might slow USDC adoption. Big banks are pushing back hard, arguing stablecoin yields hurt their deposits. The rules are still being written, and any version that hurts Circle's competitive positioning could weigh on the stock until the final language is settled.
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How to read this page
This automated research summary uses Financial Modeling Prep market data through 2026-07-31. Model signals, scores, and risk labels can change and may be incomplete or wrong.
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