Circle Internet Group (CRCL) is expanding Arc adoption, signaling a shift towards becoming a full-stack financial infrastructure platform. With over 100 global institutions involved, including banking and payments, Arc aims to reduce reliance on interest-sensitive reserve income and generate higher-margin revenues, with projected 2026 revenues of $3.22 billion.

Compared to competitors like Coinbase Global (COIN) and PayPal (PYPL), Circle’s focused, fee-based stablecoin model offers potentially more durable growth. While COIN’s revenues are sensitive to market cycles, CRCL’s infrastructure-first approach may provide long-term pricing power. PYPL’s network advantage is countered by CRCL’s blockchain-native positioning.

Circle’s stock has declined 58.4% in the past six months, with a forward 12-month price-to-sales ratio of 6.11, indicating overvaluation. Despite a Zacks Rank #3 (Hold), the company’s 2025 earnings estimate is a loss of 87 cents per share, while 2026 earnings are projected at 92 cents per share, showing steady growth potential over time.

Read more at Nasdaq: CRCL’s Arc Adoption Expands: Is a New Revenue Engine Taking Shape?