Circle Stock (CRCL) Down Over 70% From 2025 High of $299

Circle Internet Group (NYSE: CRCL) debuted in June 2025 at $299 but is now trading at $85, reflecting a drop of more than 70%. In Q2 2026, the company beat earnings estimates yet missed on revenue, contributing to a sell-off in shares. The stablecoin market faces challenges as a consortium announced Open USD, a new stablecoin that may compete with Circle's USDC. However, Circle reported a 19% increase in USDC on-chain transaction volume and continues to develop its Arc blockchain network and new initiatives, signaling potential for future growth.