Company intelligence

Circle

As of September 5, 2026, Circle had a market capitalization of $27.81B (companiesmarketcap.com).

Issuer of the USDC stablecoin and operator of B2B fintech infrastructure for digital dollars.

CryptoPublicNew York, New York, USAFounded 2013Founders: Jeremy Allaire, Sean NevillePublic companyWebsite ↗See connections →Compare with Coinbase
Last verified Sep 5, 2026

Circle at a glance

As of
Market cap
$27.81B[1]
September 2026
Founded
2013[2]
Headquarters
New York, New York, USA[3]
  1. [1] Market cap: companiesmarketcap.com, September 5, 2026
  2. [2] Founded: Wikipedia (retrieved September 5, 2026)
  3. [3] Headquarters: Wikipedia (retrieved September 5, 2026)

What Circle does

Circle, the issuer of the USDC stablecoin, was founded in 2013.[1] IDG Capital entities held 12.6% before the offering.[1] Breyer entities held 9.0%.[1] Circle sold 14,800,000 of the shares in the offering, with the rest sold by existing holders.[1] The offering price was $31.00.[1] USDC in circulation grew 19% to $73.3 billion.[2] Circle invests in startups through Circle Ventures, which in July 2026 backed African payments company Flutterwave to embed USDC settlement in its payment flows.[3],[4]

Business model and customers

In the second quarter of 2026, total revenue and reserve income was $701 million, up 7%.[5],[4]

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Company Snapshot

Circle is a crypto company, based in New York, New York, USA, founded 2013 by Jeremy Allaire, Sean Neville.

Recent changes

  1. Sep 22, 2026Binance Buys Into Circle, Extends USDC Deal Five Years Pulse story
  2. Sep 5, 2026First reported market cap: $27.81B companiesmarketcap.com
  3. Aug 4, 2026What Circle's Trading Multiple Means for Coinbase Pulse story
  4. Aug 3, 2026Coinbase's Circle Renewal Is a Preview of Crypto's IPO Math Pulse story
  5. Jul 30, 2026Coinbase Revenue Falls 19% in Q2, Renews Circle Deal Pulse story
Earlier changes (1)
  1. Jul 15, 2026Invested in Cyclops (Series A, $20M) Fortune

How Circle has been funded

Its largest pre-IPO holder was General Catalyst, at 12.8%.[1] Accel's stake was listed at 6.9%.[1] In October 2026 Circle joined Ripple, QRT and Standard Chartered's SC Ventures in an investment in OKX at a $25 billion pre-money valuation, CoinDesk reported.[6],[4]

Investors

Latest Pulse

  1. Fission Raises $10M To Speed Up Tokenized Fund ExitsFission raised a $10 million Series A led by Pantera Capital to let investors sell tokenized fund shares in minutes instead of waiting months for a redemption.→
  2. Binance Buys Into Circle, Extends USDC Deal Five YearsBinance invested $100 million in Circle Internet Group, buying shares at a 5% discount with a two-year lock-up, and signed a new five-year agreement to expand USDC distribution across Binance's global user base.→
  3. StableCoinX Amends IPO Filing, Now Sits On $200M+ ENAStableCoinX filed an amended S-1 disclosing it now holds roughly 3.03 billion ENA tokens, about 20% of total supply, making it the largest corporate holder of Ethena's governance token.→
  4. TRM Labs Valuation Doubles To $2 BillionTRM Labs raised fresh capital from existing backers at a $2 billion valuation, doubling its worth six months after a $70 million Series C, as the blockchain-intelligence firm expands into AI-driven crime detection.→
  5. Fasset Hits $1B Valuation on $68M Series CSBI Group led a $68 million Series C into stablecoin neobank Fasset, pushing it to unicorn status as it processes more than $40 billion in annualized transaction volume.→
  6. Treasury Proposes Rules for Who Can Sell StablecoinsThe US Treasury proposed rules under the GENIUS Act requiring stablecoin issuers to hold a federal or state license, with mandatory compliance starting January 2027.→
  7. Crypto's CLARITY Act Stalls as Senate Enters August RecessThe Senate entered its August recess without voting on the CLARITY Act, the crypto market-structure bill meant to divide oversight between the SEC and CFTC, pushing any floor vote to September at the earliest.→
  8. What Circle's Trading Multiple Means for CoinbaseCircle's stock trades well below its post-IPO peak even with USDC's volume growing, and that public multiple is the most direct read available on how the market is now pricing Coinbase's own stablecoin-dependent revenue.→
  9. Coinbase's Circle Renewal Is a Preview of Crypto's IPO MathCoinbase renewing its Circle revenue-sharing deal even as trading revenue fell 19% for a third straight quarter shows crypto public companies leaning on stable, subscription-like income to offset volatile trading revenue.→
  10. Coinbase's Third Straight Down Quarter, With a TwistCoinbase revenue fell 19% to $1.22B in a third consecutive quarterly decline, yet the company posted a record 10.3% share of global crypto trading volume -- shrinking revenue and growing market share at the same time.→

Coverage Timeline

newest first
  1. Sep 22, 2026FUNDINGBinance Buys Into Circle, Extends USDC Deal Five Years$100M investment→
  2. Aug 4, 2026IPOWhat Circle's Trading Multiple Means for Coinbase→
  3. Aug 3, 2026IPOCoinbase's Circle Renewal Is a Preview of Crypto's IPO Math→
  4. Jul 30, 2026BIG TECHCoinbase Revenue Falls 19% in Q2, Renews Circle Deal$1.2B, -19% YoY→
  5. Jul 10, 2026REGULATIONCircle Wins Final OCC Approval for a National Trust Bank→

All Coverage

FUNDING

Binance Buys Into Circle, Extends USDC Deal Five Years

FUNDING$100M investment

Binance Buys Into Circle, Extends USDC Deal Five Years

Binance invested $100 million in Circle Internet Group, buying shares at a 5% discount with a two-year lock-up, and signed a new five-year agreement to expand USDC distribution across Binance's global user base.

DEEP DIVE
IPO

What Circle's Trading Multiple Means for Coinbase

Illustration for: What Circle's Trading Multiple Means for Coinbase
IPO

What Circle's Trading Multiple Means for Coinbase

Circle's stock trades well below its post-IPO peak even with USDC's volume growing, and that public multiple is the most direct read available on how the market is now pricing Coinbase's own stablecoin-dependent revenue.

IPO

Coinbase's Circle Renewal Is a Preview of Crypto's IPO Math

Illustration for: Coinbase's Circle Renewal Is a Preview of Crypto's IPO Math
IPO

Coinbase's Circle Renewal Is a Preview of Crypto's IPO Math

Coinbase renewing its Circle revenue-sharing deal even as trading revenue fell 19% for a third straight quarter shows crypto public companies leaning on stable, subscription-like income to offset volatile trading revenue.

BIG TECH

Coinbase Revenue Falls 19% in Q2, Renews Circle Deal

Illustration for: Coinbase Revenue Falls 19% in Q2, Renews Circle Deal
BIG TECH$1.2B, -19% YoY

Coinbase Revenue Falls 19% in Q2, Renews Circle Deal

Coinbase reported second-quarter revenue fell 19% to $1.2 billion, its third consecutive quarterly decline, even as the exchange renewed its lucrative USDC revenue-sharing agreement with Circle on existing terms.

REGULATION

Circle Wins Final OCC Approval for a National Trust Bank

Illustration for: Circle Wins Final OCC Approval for a National Trust Bank
REGULATION

Circle Wins Final OCC Approval for a National Trust Bank

The Office of the Comptroller of the Currency granted Circle final approval to operate Circle National Trust, letting the USDC issuer hold its own reserves directly for the first time, and shares jumped as much as 16% intraday.

Value Add Research

Related Companies

Circle FAQ

How much revenue does Circle make?

In the second quarter of 2026, total revenue and reserve income was $701 million, up 7%.[5],[4]

What is Circle's market cap?

Circle's market capitalization was $27.81B as of September 5, 2026, according to companiesmarketcap.com.

When was Circle founded and where is it based?

Circle was founded in 2013 and is headquartered in New York, New York, USA, according to Wikipedia.

References

researched 2026-10-24
  1. SEC EDGAR
  2. SEC EDGAR
  3. africaprivateequitynews.com
  4. companiesmarketcap.com
  5. Circle
  6. coindesk.com
Sources & methodologyshow
Where these figures come from

Figures are labelled Reported (a source states it), Estimated, Derived (computed from other facts) or Rumored (in talks / unconfirmed). Rumors never replace a confirmed figure. Each figure keeps its own as-of date; history is preserved rather than overwritten.

How we verify data ·