Circle Internet Group Inc. (NYSE: CRCL) closed at $133.56, with a gain of 25.36% in the last trading session, and since its market debut, it has grown around 93.57%. According to market watchers, the spike in CRCL trading prices has been driven by USDC’s integration on the XRP Ledger.
On June 12, 2025, it was reported that the second most prominent stablecoin of the market, USDC, is now live on XRP Ledger; on June 14, CRCL opened trading at $108.80 and traded as high as $134.70, yet its all-time high is $138.57.
In Q1, 2025, the revenue generated by Circle Internet Group Inc. was $578.57 million and net income was $64.79 million; yet its revenue in the last quarter of 2024 was $365 million and net income was $48.64 million.
The market capitalization of Circle Internet Group Inc. (NYSE: CRCL) is $32.392 billion, making it the world’s 661st most valuable company. According to the data from TradingView, 115.08 million shares of CRCL are closely held, and the remaining 84.89 million are free-floating.
However, the market capitalization of USDC coin issued by Circle is $61.67 billion, which grew by 1.06% in the past 24 hours; in the past 6 months, it is up by 46.55% and added 40.56% YTD.
In an X post, Jeremy Allaire, the co-founder and Chief Executive Officer of Circle, said, “ We are excited to launch USDC on Ripple’s XRP Ledger, expanding our stablecoin network into more ecosystems.”
USDC eyeing a much bigger spot post IPO
After the IPO launch of Circle, there has been major traction of investors towards the stock of the company; on the other hand, USDC has continued to expand its usage, reaching a new high.
The launch was much-awaited as Circle Internet Group Inc. is the company that mints and oversees USDC; the firm has gathered the attention of institutions like BlackRock, Ark Invest, General Catalyst Partners, Goldman Sachs Group Inc., and Fidelity Investments, including many others.
Now, the market experts argue that Circle Internet Group Inc. is aiming for a bigger spot in both traditional and crypto sectors; as per SolScan(dot) io, USDC holders are 4,542,786, and the current supply is 8,641,016,473 USDC.
Data available on EtherScan(dot)io notes that USDC holders are 3,341,044, and the circulating supply market cap is $61,675,288,798, and the onchain market cap is $40,701,408,249.
A quick brief of the crypto market
Until publishing, the crypto market cap was $3.27 trillion, and the trading volume was $118 billion, falling from $170 billion on June 13, 2025. At the same time, the crypto fear and greed index was at 52, indicating neutrality.
Bitcoin is still stuck at $104k and has been tumbling between the range of $104k to $109k; at the same time, its market capitalization is $2.08 trillion.
