Key Takeaways CRCL shares have surged 56% since IPO, beating the broader financial industry and sector. Circle faces rising competition from Coinbase, PayPal and Robinhood's expanding stablecoin offerings. Partnerships and regulatory progress support USDC growth, but high costs may pressure margins. Circle Internet Group (CRCL) offers USDC stablecoin, which is redeemable on a one-for-one basis for U.S. dollars and is backed by reserves consisting of highly liquid, price-stable cash and cash equivalents. As ...