There were no S&P 500 earnings reactions on Monday, but we want to tell you about a stock outside of the S&P 500 that has our attention.
This is Circle Internet Group $CRCL, and the stock is back in a big way.
After an 80%+ post-IPO drawdown, the stock has completely flipped the script, ripping higher on the back of a monster earnings report.
On February 25, CRCL delivered a double beat and rallied +35.5% for its best reaction ever.
And the fundamentals are just as strong as the price action.
Circle, the company behind USDC, is building the infrastructure for internet-native money, and adoption is accelerating fast.
USDC in circulation grew 72% year-over-year to $75.3B, while transaction volume surged 247% to $11.9T.
Revenue jumped 77%, and EBITDA exploded 412%, showing the kind of operating leverage you get from a scaling network.
This isn't just crypto hype, it's real usage, with partners like Visa and Intuit integrating USDC into real-world payments.
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