Circle Internet Group Aims to Build Financial Infrastructure Around USDC

Circle Internet Group has been making waves in fintech circles, and for good reason. The company's core business is centered around building payments, blockchain, and financial infrastructure around USDC, a stablecoin designed to maintain a value of $1.

Unlike Bitcoin, whose price can swing dramatically, USDC aims to provide a stable value, making it useful for moving and storing money rather than speculating on its price appreciation. Circle issues USDC and backs the tokens with highly liquid reserves, including cash and short-term U.S. government securities.

The company's business model is unusual: it earns money from the assets backing its stablecoin, also known as reserve income. In 2025, reserve income accounted for 96% of Circle's total revenue.