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Why Circle Internet Stock Is Plummeting Today
The Motley Fool· 2025-06-26 03:23
Shares of Circle Internet Group (CRCL -10.61%) are falling today, down 9.1% as of 2:57 p.m. ET. The drop comes as the S&P 500 (^GSPC 0.01%) and Nasdaq Composite (^IXIC 0.26%) were relatively flat.The company, which IPO'd earlier this month, is the sole issuer of USDC, one of the most popular stablecoins on the market. Circle stock's recent massive run-up was tempered after a report critical of stablecoins was released from an international banking organization.BIS disses stablecoinsThe Bank for Internationa ...