The short answer: Circle Internet Group (NYSE: CRCL) is the New York company that issues USDC, the dollar stablecoin. Jeremy Allaire is CEO. There was $72.0 billion of USDC in circulation as of October 22, 2026, and Circle was worth about $21.9 billion as of October 23, 2026. It went public in June 2025.
A company profile from The Pomp Podcast, hosted by Anthony Pompliano. Last updated: October 25, 2026.
Key takeaways
Circle Internet Group (NYSE: CRCL) is the New York company that issues USDC, the dollar stablecoin.
Jeremy Allaire is CEO, and Circle went public in June 2025.
There was $72.0 billion of USDC in circulation on October 22, 2026, and Circle was worth about $21.9 billion on October 23.
What is Circle?
Circle was founded in 2013 and is headquartered in New York, according to its company profile. Its main product is USDC, a stablecoin meant to always be worth one U.S. dollar. Circle says USDC is 100% backed by cash and cash-equivalent assets, and that it can be redeemed one-for-one for dollars, according to its USDC page.
Circle makes most of its money from interest on the reserves that back USDC. It reported "total revenue and reserve income" of $701 million in the second quarter of 2026, up 7% from a year earlier, according to its second-quarter results.
How big is Circle?
Circle's market value was about $21.92 billion at the close on October 23, 2026, according to StockAnalysis. Its market value was down about 24% over the prior year.
Circle priced its initial public offering at $31 a share in June 2025, and its stock began trading on the New York Stock Exchange under the ticker CRCL.
How much USDC is there?
There was $72.0 billion of USDC in circulation as of October 22, 2026, according to Circle. That figure changes daily.
How did Circle do last quarter?
In its second-quarter 2026 results, released August 5, 2026, Circle reported:
USDC in circulation of $73.3 billion at the end of the quarter, up 19% from a year earlier.
Onchain USDC transaction volume of $14.8 trillion, up 151%.
Total revenue and reserve income of $701 million, up 7%.
Net income from continuing operations of $48 million and adjusted EBITDA of $143 million.
Allaire said "the institutions using USDC today, like BlackRock, BNY, and Standard Chartered aren't piloting, they are expanding." Circle also said BlackRock, DTCC, Mastercard and Visa are among the validators for Arc, its own blockchain. See What Is BlackRock?.
Circle's next earnings report is scheduled for November 4, 2026, according to StockAnalysis.
Who else is betting on Circle?
In an October 2026 report on tokenization, research firm Citrini Research named Circle among the stocks that could benefit as Wall Street moves financial assets onto blockchains, CoinDesk reported. The other stocks named included Coinbase, Robinhood and Securitize. See What Is Citrini Research?, What Is Coinbase? and What Is Robinhood?.
What did The Pomp Podcast say about Circle?
Circle came up on a few recent episodes. Quotes below are from the episodes, with timestamps.
On the October 8, 2026 episode, "Bitcoin Is Headed to $300K and Nobody's Ready | Bill Barhydt", Pomp explained why it used to be hard to invest in the growth of stablecoins:
"You can't buy the stable coin because it's just a dollar, right?"
"you can't buy tether stock. Circle wasn't public at the time."
In the same episode, Abra CEO Bill Barhydt used Circle and Tether as examples when explaining how Abra's tokenized yield products work: you put dollars in and get more dollars out. See What Is Abra?.
On October 7, "Bitcoin OG Predicts What The World Looks Like In 20 Years | Simon Dixon", BnkToTheFuture co-founder Simon Dixon listed Circle among the early companies his firm invested in, alongside Coinbase, BitPay, Kraken, Bitstamp, Ripple Labs and Bitfinex. See What Is BnkToTheFuture?.
Every Pomp Podcast episode that discussed Circle
Circle came up in 2 recent episodes of The Pomp Podcast. Each link opens the YouTube video at that moment.
Oct 8, 2026: Bitcoin Is Headed to $300K and Nobody's Ready | Bill Barhydt. Pomp and Bill Barhydt talked about stablecoins and Circle. Timestamps: 36:50 ("Circle wasn't public"), 29:09 (USDC inside Abra's product).
Oct 7, 2026: Bitcoin OG Predicts What The World Looks Like In 20 Years | Simon Dixon. Simon Dixon named Circle among BnkToTheFuture's early investments. Timestamps: 2:54 (early Circle investment).
Watch or listen to the episode
Bitcoin Is Headed to $300K and Nobody's Ready | Bill Barhydt, released October 8, 2026. Pomp's comments on Circle start at 36:50.
Opinions from guests on The Pomp Podcast are their own. Nothing on this page is a recommendation to buy or sell any security.
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Where can I follow Circle?
Circle posts results and USDC data on its own site.
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Frequently asked questions
What is Circle?
Circle Internet Group is the New York company that issues USDC, a stablecoin meant to always be worth one U.S. dollar. It was founded in 2013.
Who is the CEO of Circle?
Jeremy Allaire.
How much is Circle worth?
About $21.92 billion at the October 23, 2026 close, according to StockAnalysis.
How much USDC is in circulation?
$72.0 billion as of October 22, 2026, according to Circle. The number changes daily.
How does Circle make money?
Mostly from interest earned on the reserves backing USDC. It reported $701 million of total revenue and reserve income in the second quarter of 2026.
When did Circle go public?
Circle priced its IPO at $31 a share in June 2025 and trades on the New York Stock Exchange as CRCL.
Sources
Last updated: October 25, 2026
Anthony Pompliano is an entrepreneur, investor, and author who serves as Chairman and CEO of Silvia, Inc (SVIA) and invests through Pomp Investments. He is the host of The Pomp Podcast, where he interviews founders, investors and economists about bitcoin, markets, AI and the economy.
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This profile is for informational purposes only and reflects reporting available as of October 25, 2026, plus opinions shared on The Pomp Podcast. It is not investment advice. Do your own research before making any investment decision.
