From Nasdaq

May 31, 2025 5:45 am:

Circle Internet Group has updated its filings to become publicly traded. Known for its stablecoin USD Coin, the second-largest by market cap, Circle’s business model is profitable with low costs. Despite partnership with Coinbase impacting profits, Circle shows growth potential. Investors should keep an eye on this stablecoin issuer.

Stablecoins like USDC are different from Bitcoin, with a fixed value of $1. Users can exchange real dollars for stablecoins on platforms like Coinbase. Circle’s Q1 revenue rose to $579 million, with an operating income of $93 million, showing steady growth. However, profit margins have fluctuated over the past three years.

Tether, the largest stablecoin entity, reported operating profit of $1 billion in Q1 2025 with $5.6 billion in excess reserves. Circle’s partnership with Coinbase has impacted profits. Despite challenges, Circle stock could be a good long-term investment given the current market landscape and growth potential.

Investors should be cautious of interest rate fluctuations and competition from Tether in the stablecoin market. Legislative changes could also impact the stability of stablecoins. Despite risks, Circle stock has growth potential with favorable conditions. Consider all factors before investing in USDC.

Read more at Nasdaq: An Extremely Profitable Business Plans to Go Public. What Investors Need to Know.