Circle Internet Group (Ondo Tokenized Stock)
crclon
#321Circle Internet Group (Ondo Tokenized Stock)
Circle Internet Group (Ondo Tokenized Stock)
DeFi · Synthetic Assetscrclon#321
Mcap$87.83M$76.513.54%
crclon Metrics
Spot Volume (24H)
$1.51M-5.41%
Marketcap
$87.83M
FDV
$88.27M
Mindshare
Very Low
Circ. Supply
1.2M
Max Supply
-
Mcap/FDV
99.5%
Total Supply
1.2M
Sector Ranking
#92
crclon Performance
All Time High
$221.90-65.52%
Jan 01, 2026
Cycle Low
$48.48+57.82%
Feb 06, 2026
Trending
crclon Metrics
Spot Volume (24H)
$1.51M-5.41%
Marketcap
$87.83M
Mindshare
Very Low
Last Updated: Oct-29-2026 11:16 UTC
Circle Internet Group (Ondo Tokenized Stock) — Project Update
Currently Interesting
Circle's most significant recent development is its acquisition of nearly 1,000 blockchain patents from IBM, announced in late July 2026, which makes Circle the largest holder of blockchain patents in the United States 1. The portfolio spans more than 680 patent families covering blockchain technology, banking, financial services, insurance, enterprise infrastructure, and cloud security 1. Circle stated that the patents will support the evolution of its USD Coin (USDC) stablecoin, its Circle Payments Network, and its Arc blockchain, with the company describing intellectual property as "critical to advancing our mission and expanding adoption of onchain infrastructure" 1. The financial terms of the deal were not disclosed, and it remains unclear whether IBM retained any licensing rights following the sale 1. This move matters because it consolidates a large defensive and offensive IP moat around Circle's core infrastructure at a time when it is positioning Arc as enterprise-grade rails for tokenized assets and institutional payments 1. It could lead to stronger competitive positioning against rival stablecoin issuers and give Circle leverage in licensing or partnership negotiations as tokenization adoption accelerates.
Get Caught Up
Cathie Wood's Ark Invest Adds to Circle Position. Ark Invest bought 23,070 Circle Internet Group shares worth about $1.4 million as CRCL declined roughly 4% during the week, bringing Circle to about $210.5 million and making it the ARKK fund's ninth-largest holding 2. The purchase came amid multiple analyst price target cuts tied to concerns about the Open USD consortium and its impact on Circle's stablecoin position 2. Despite the headwinds, Circle ended July by securing a trust charter license from the New York Department of Financial Services to operate as a trust bank 2.
Circle's Mixed Q2 2026 Financial Results. Circle posted second-quarter EPS of $0.18, beating estimates of $0.16, but revenue of $701 million missed forecasts of $712 million 3. USDC circulation reached $73.3 billion, up 19% year over year, though still below the late-year peak near $80 billion amid rising competition 3. The company also reported that its Circle Payments Network achieved $14.7 billion in annualized transaction volume in Q2, a 76% increase from the prior quarter, and confirmed Arc's public mainnet launch date of September 16 with validators including BlackRock, Mastercard, Visa, and Standard Chartered 3.
Ondo's Tokenized Stock Milestones. Ondo Finance's tokenized equities platform surpassed $1.01 billion in total value locked, becoming the world's largest tokenized stocks provider less than a year after its September 2025 launch, with more than 440 assets fully backed by licensed U.S. custodial broker-dealers 4. Since launch, Ondo Stocks processed $27 billion in cumulative trading volume, while Ondo Perps cleared over $8 billion in cumulative volume with open interest peaking at $87 million 4. The ecosystem surpassed 200,000 holders, up 20% in 30 days, and USDY — a tokenized note backed by short-term U.S. Treasuries and bank deposits — reached $2.15 billion in total assets across 12 networks 4.
Biggest Stories of 2025
- Circle Buys Blockchain Patents From IBM (July 27, 2026): Circle purchased nearly 1,000 blockchain patents from IBM, making it the largest U.S. holder of blockchain patents and supporting USDC, Circle Payments Network, and Arc 1.
- Circle Internet Group Posts Mixed Financial Results (August 5, 2026): Circle reported Q2 EPS of $0.18 beating estimates while revenue of $701 million missed forecasts, with USDC circulation at $73.3 billion and Arc's mainnet set for September 16 3.
- Cathie Wood Buys Coinbase and Circle Stocks (August 4, 2026): Ark Invest added 23,070 Circle shares worth about $1.4 million, making Circle the ARKK fund's ninth-largest holding 2.
- Circle Acquires Interop Labs (December 15, 2025): Circle signed an agreement to acquire the Interop Labs team and proprietary IP, the initial and leading contributor to Axelar, to accelerate interoperability of assets issued on Arc 5.
- AXL Price Crashes 18% as Circle Abandons Token (December 16, 2025): The AXL token dropped 18% after Circle clarified that the Axelar Network, Foundation, and AXL token were not part of the Interop Labs acquisition and would operate independently under community governance 6.
- Circle Internet (CRCL) Jumps 10% as Visa Adopts USDC (December 17, 2025): CRCL surged 10% to close at $83 after Visa announced it would allow US banks to transact using USDC for settlement, with Cross River Bank and Lead Bank as initial participants 7.
- Circle Internet Wins Crypto Bank Charter (December 13, 2025): Circle received conditional approval from the Office of the Comptroller of the Currency to establish a national trust bank, allowing it to manage USDC reserves under federal oversight 8.
- Intuit Plans to Use Circle Internet and USDC Infrastructure (December 28, 2025): Intuit announced plans to leverage Circle's technology within its financial product ecosystem 9.
- Circle Partner Stablecoins and StableFX Introduced (November 13, 2025): Circle launched Circle Partner Stablecoins to support select non-USD stablecoins on Arc, and introduced StableFX, an onchain foreign-exchange engine for institutions built on Arc infrastructure 1011.
- Arc Public Testnet Launch (October 28, 2025): The Arc public testnet went live, marking a key step toward the network's planned mainnet launch 12.
- Deutsche Börse Group Collaboration (September 30, 2025): Circle and Deutsche Börse signed an MoU to integrate EURC and USDC into Deutsche Börse's financial market infrastructure, the first collaboration of its kind in Europe between a major market infrastructure provider and a global stablecoin issuer 13.
- Circle Investment in Hyperliquid Announced (September 16, 2025): Circle disclosed it became a direct stakeholder in HYPE and was exploring becoming a Hyperliquid Validator, following its deployment of USDC and CCTP V2 on HyperEVM 14.
- Circle Introduces Arc L1 (August 12, 2025): Circle introduced Arc, an EVM-compatible L1 blockchain intended as an enterprise-grade foundation for stablecoin payments, FX, and capital markets applications, with USDC as its native gas token 15.
- Arc Litepaper Published (August 12, 2025): The Arc litepaper revealed BFT consensus based on Tendermint, an initial permissioned validator set, an EIP-1559-inspired fee market, and plans for encrypted mempools and confidential transfers 16.
- Board of Directors Appointment (July 22, 2025): Circle appointed Adam Selipsky, former CEO of Amazon Web Services, to its Board of Directors 17.
- EURC Reserves Holding Report: June 2025 (July 30, 2025): Circle released its June 2025 EURC reserves report, with tokens outstanding of 171,793,247 and total net assets of €172,543,770 18.
- EURC Reserves Holding Report: May 2025 (June 30, 2025): Circle released its May 2025 EURC reserves report, with tokens outstanding of 188,175,019 and total net assets of €188,925,542 19.
- Circle Acquires Gateway (May 7, 2025): Circle announced its acquisition of Gateway, an onchain privacy protocol, to advance private, verifiable stablecoin transactions 20.
- Circle IPA from ADGM (April 29, 2025): Circle received In-Principal Approval from the Financial Services Regulatory Authority of the Abu Dhabi Global Market to operate as a money services provider 21.
- EURC Reserves Holdings Report: February 2025 (April 10, 2025): Circle released its February 2025 EURC reserves report, with tokens outstanding of 115,640,112 and total net assets of €116,390,630 22.
- USDC Live on Unichain (February 11, 2025): USDC and Circle's developer tools went live on Unichain, giving developers access to USDC, CCTP, and Circle's Programmable Wallets 23.