Circle Internet Drops 6% in a Month: Buy, Sell or Hold the Stock?

Key Takeaways Circle Internet Group (CRCL) shares have dropped 5.7% in the past month, underperforming both the Zacks Financial-Miscellaneous Services industry and Zacks Finance sector, which have returned 5.2% and 1.4%, respectively. Circle offers USDC, which is redeemable on a one-for-one basis for US dollars. USDC, along with EURC, are digital currency tokens issued natively on blockchain networks and backed by reserves consisting of highly liquid, price-stable cash and cash equivalents. Both USDC and EU ...