Startup profile · funding coverage
Circle Internet Group funding, valuation and investors
NYSE-listed stablecoin issuer and fintech platform behind USDC and EURC; priced its 2025 IPO at $31 per share and reported $701M Q2 2026 revenue plus reserve income.
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Funding, valuation & investors
Answer-first snapshotLatest funding
Not publicly disclosed
Latest known valuation
Not publicly disclosed
Total disclosed equity funding
Not publicly disclosed
Excludes debt, grants, acquisitions, secondaries, and IPO proceeds.
Current status
public
public · New York, New York, United States
Overview
Circle Internet Group develops stablecoin-based financial infrastructure and issues USDC and EURC through regulated affiliates. It priced a 34M-share IPO at $31 per share on June 4, 2025 and began NYSE trading under CRCL on June 5.
The company reported its IPO and full exercised option eventually encompassed about 39.1M shares and approximately $1.2B in gross proceeds to the company and selling stockholders collectively; its company cash proceeds were materially smaller because many shares were secondary. In Q2 2026 it reported $701M revenue and reserve income, $48M net income from continuing operations, and $73.3B in quarter-end USDC circulation.
USDC circulating supply is not Circle's AUM or revenue. Circle announced Q3 2026 results for November 4, after this October 29 update. Alumni Ventures lists 'Circle' in its 2026 APEX 100, which does not establish AV's IPO sale amount or realized returns.
Why Circle Internet Group is interesting
Circle is a public Alumni Ventures portfolio company, offering a verifiable IPO milestone and quarterly disclosures. Its USDC circulation is not Circle's revenue or asset value; it is liabilities issued against reserves. The IPO's gross offering included both newly issued shares and secondary sales, which should not be confused with company proceeds or AV's realized returns.
Product & use cases
Digital dollar stablecoin issuance and programmable payments infrastructure, including USDC, EURC, enterprise payments and Arc blockchain development. Revenue is substantially linked to returns on reserves supporting circulating stablecoins.
- Cross-border business and consumer payments via stablecoins
- Tokenized cash settlement and programmable on-chain financial applications
- Stablecoin integration for exchanges, wallets, banks and enterprise payment platforms
Key facts
- June 4, 2025: priced IPO at $31/share; NYSE ticker CRCL trading began June 5.
- Total offering after the greenshoe: about 39.1M shares and $1.2B gross proceeds to company plus selling holders; not all new capital to Circle.
- Q2 2026: $701M revenue and reserve income, $48M net income from continuing operations.
- Q2 2026: $73.3B quarter-end USDC circulation, a stablecoin supply figure rather than corporate valuation.
- Q3 2026 results were scheduled for November 4, 2026, and were not yet available on October 29.
Investors in our directory
Funds linked from Circle Internet Group's profile — open a fund page for stage focus and related deal articles.
Competitive landscape
Edge: USDC network distribution, regulatory and banking partnerships and programmable-payment infrastructure support adoption, but earnings depend on reserve yields, stablecoin competition, regulation and distribution-partner economics.
Reserve yield sensitivity, USDC circulation, distribution costs and non-interest revenue are distinct drivers. The 2025 IPO does not reveal the cash gains of a particular historical investor; portfolio membership does not establish AV share ownership or sale timing.
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Tether direct
Major fiat-backed stablecoin issuer with different regulation and distribution.
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Paxos direct
Regulated digital-dollar issuance and payments infrastructure.
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PayPal USD adjacent
Stablecoin integrated with established payments brand and partners.
Industries
Market / IPO context
Ticker: CRCL (NYSE)
IPO status: public
IPO date: 2025-06-05
Note: IPO priced at $31 per share on June 4, 2025. Q2 2026 figures reported Aug 5, 2026. Do not infer a current stock price or AUM from USDC circulating supply.
Editorial / static context — not a live quote.
FAQs about Circle Internet Group
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Editorial note: AI tools assisted with research, structure, or drafting. Venture Capital Tracker retains human editorial responsibility for factual accuracy, relevance, and source quality before publication.