Circle Stablecoin: A Central Player in Crypto Market Infrastructure

Circle Stablecoin is at the center of a pressing question in crypto: how does a digital dollar stay worth a dollar?

The company, formerly known as Circle Internet Financial, was founded in 2013 to build payment infrastructure before shifting its focus towards stablecoins.

Circle went public on the New York Stock Exchange in 2025, placing it under the same disclosure requirements as other listed financial firms.

Circle Stablecoin's flagship product is USDC, a dollar-backed stablecoin that holds a 1:1 value with the US dollar.

Every token in circulation is backed by reserve assets held on Circle's books, making it a reserve-backed token rather than an algorithmic one.