Stablecoin Issuer Circle Faces ‘an Uphill Battle.’ Is It Time to Give Up on CRCL Stock?

Circle Internet Group (CRCL) declined by 13% yesterday, which is the stock's biggest fall since June, due to market attention shifting from the strong performance in the third quarter to potential challenges to profitability in the coming period because of low bond yields. Having benefited from another spate of increased usage of USDC, revenue more than doubled from a year earlier, but notwithstanding this, market watchers focused intently on the fall in Circle’s reserve return rate, which is an important ...