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Circle shares plunge over 75% from IPO peak amid stalled USDC growth and market concerns

Market News
17 Jul 2026
Crypto Briefing
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Bearish
Circle shares plunge over 75% from IPO peak amid stalled USDC growth and market concerns

Circle Internet Group's stock has dropped more than 75% from its IPO high of around $299 to about $60 due to stalled growth in its USDC stablecoin circulation and increased competition. Despite solid Q1 2026 revenue growth and regulatory approval for a national trust bank charter, investors remain cautious as the stablecoin market expands and interest income faces pressure from potential rate cuts. The company's recovery depends on renewed USDC growth, stable interest income, and leveraging regulatory advantages to win institutional business.

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