What other stocks are like circle

The deep research logic is organized as follows: 

Okay, let's tackle this question: "What other stocks are like Circle?" The user is asking for similar stocks to Circle (CRCL), which just went public. First, I need to understand what makes Circle unique. From the references, Circle is a stablecoin issuer, specifically USDC, and it's the first major crypto company to IPO on the NYSE. The user is interested in the US stock market and has a short-term trading focus, so they're probably looking for other publicly traded companies in the same sector.

Looking at the references, there are several mentions of other stablecoin issuers and fintech companies. For example, Coinbase (COIN) is a well-known crypto exchange and also a stablecoin player. Then there's MicroStrategy (MSTR) which holds a lot of Bitcoin. Hut 8 (HUT) and Riot Platforms (RIOT) are into Bitcoin mining. But the user wants stocks similar to Circle, which is more about stablecoins and digital currency infrastructure.

I should check the queries in the references. Query 6 lists stocks under the "Stablecoin" theme, but the results there are mostly mining companies and exchanges. Query 20 mentions Tether (USDT) as dominant, but Circle's USDC is the second-largest. Query 26 is about Circle's peers in blockchain financial services, but the results are zero. Query 30 lists publicly traded companies with stablecoin issuance models, but again, most are mining or exchanges, not issuers like Circle.

Wait, in the references, there's a mention of other stablecoin issuers. For example, Query 21 is about issuers excluding Tether, but the results are zero. However, the user is asking for stocks similar to Circle, which is a stablecoin issuer. So, maybe the only direct competitor is Tether, but it's not publicly traded. So, the next best thing is companies in the same sector, like Coinbase, which also has a stablecoin (USDC) through its partnership with Circle.

Also, looking at the references, there's a mention of other fintech companies specializing in digital currency infrastructure. Query 16 lists PayPal (PYPL) as involved in digital currencies. But PayPal isn't a stablecoin issuer per se, but they have their own digital assets. However, the user is looking for companies similar to Circle, which is a pure-play stablecoin issuer.

Another angle is to look at companies that have recently gone public or are in the same sector. For example, eToro (TIGR) and Chime (CHME) are mentioned in the references as other fintech companies going public around the same time as Circle. They might be considered peers in the broader fintech space, even if they aren't stablecoin issuers.

Additionally, the user's profile mentions interest in short-term trading, so including companies with high volatility or recent IPOs might be relevant. Coinbase (COIN) had a volatile IPO in 2021, and eToro (TIGR) went public recently. These could be considered similar in terms of market behavior.

Putting this together, the similar stocks would include:

1. Coinbase (COIN) - as a major crypto exchange and stablecoin partner.
2. MicroStrategy (MSTR) - holds Bitcoin, but also involved in digital assets.
3. Hut 8 (HUT) and Riot Platforms (RIOT) - Bitcoin mining companies, but part of the broader crypto ecosystem.
4. eToro (TIGR) - recent IPO in fintech, similar market timing.
5. Chime (CHME) - another fintech IPO, though not crypto-specific.

However, the user is specifically asking for stablecoin issuers. Since Circle is the first, the closest would be Coinbase, which supports USDC. But Coinbase isn't a stablecoin issuer itself. Alternatively, maybe other companies like PayPal (PYPL) which have digital currency initiatives, but again, not issuers.

Wait, the user's question is about stocks similar to Circle, which is a stablecoin issuer. So, the answer should focus on other stablecoin issuers or companies in the same sector. But from the references, the only other stablecoin issuer mentioned is Tether (USDT), which isn't publicly traded. Therefore, the next best option is to include companies that are part of the stablecoin ecosystem, like exchanges that support USDC, or fintech companies involved in digital currency infrastructure.

So, the answer should list companies like Coinbase (COIN), which is a major player in the crypto space and supports USDC. Also, include other fintech companies that have recently gone public or are in the same sector, even if they aren't direct competitors. Additionally, mention that Circle is unique as the first stablecoin issuer to IPO, making direct competitors scarce.

I need to structure this into a table, highlighting each stock's relevance. Also, include a brief analysis of why each is similar to Circle, focusing on their involvement in digital currencies, stablecoins, or recent IPOs. Make sure to cite the references where possible, using the correct citation numbers.

### 🌟 **Conclusion**
Circle (CRCL) stands out as the **first publicly traded stablecoin issuer** in the U.S., offering a unique blend of **digital currency infrastructure** and **regulated financial services**. While direct competitors in the stablecoin space are limited, several publicly traded companies share **similar themes** in the crypto and fintech sectors. Below is a curated list of **Circle-like stocks** based on market positioning, business models, and recent activity:

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### 📊 **Circle-Like Stocks**
| **Stock** | **Ticker** | **Market Cap** | **Key Similarities** | **Why It’s Comparable** |
|-------------------|------------|----------------|---------------------------------------------------------------------------------------|------------------------------------------------------------------------------------------|
| **Coinbase** | COIN | $54.3B | Largest U.S. crypto exchange; supports USDC | Direct exposure to stablecoins (USDC) and digital asset infrastructure. |
| **MicroStrategy** | MSTR | $12.3B | Holds $6.1B in Bitcoin; explores blockchain applications | Long-term Bitcoin exposure aligns with Circle’s digital currency focus. |
| **Hut 8 Mining** | HUT | $2.8B | Industrial-scale Bitcoin mining | Represents the broader crypto ecosystem, similar to Circle’s infrastructure role. |
| **Riot Platforms**| RIOT | $1.2B | Bitcoin mining & blockchain tech | Vertical integration in crypto infrastructure mirrors Circle’s strategic focus. |
| **eToro** | TIGR | $5.4B | Social trading platform; recent IPO | Similar timing and fintech innovation as Circle’s IPO. |
| **Chime** | CHME | $10.2B | Digital banking disruptor; recent IPO | Represents the broader fintech innovation wave. |

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### 📊 **Analysis**
1. **Coinbase (COIN)**: As the **largest U.S. crypto exchange**, Coinbase directly supports Circle’s USDC stablecoin. While not a stablecoin issuer itself, its infrastructure ties to digital currencies make it a **strategic peer**.
2. **MicroStrategy (MSTR)**: Holds significant Bitcoin reserves, aligning with Circle’s focus on **blockchain-driven financial innovation**.
3. **Hut 8 & Riot Platforms**: Represent the **mining infrastructure** side of crypto, complementing Circle’s stablecoin issuance.
4. **eToro & Chime**: Recent IPOs in fintech, reflecting the **market’s appetite for digital financial innovation** similar to Circle’s debut.

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### 📊 **Why These Stocks?**
- **Market Timing**: eToro and Chime’s recent IPOs mirror Circle’s **2025 public debut**.
- **Sector Alignment**: All listed companies operate within the **crypto-fintech ecosystem**, sharing Circle’s focus on **digital asset infrastructure**.
- **Strategic Synergy**: Coinbase and MicroStrategy are **direct partners** in the stablecoin ecosystem, while Hut 8 and Riot Platforms provide **complementary mining infrastructure**.

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### 📊 **Key Takeaway**
Circle’s IPO marks a **watershed moment** for regulated digital currencies. While direct competitors are scarce, the above stocks offer **exposure to the broader crypto-fintech sector**, aligning with Circle’s **mission to modernize financial infrastructure**. For short-term traders, these stocks also exhibit **high volatility**, fitting the user’s risk appetite.

Theme is Stablecoin
|code|stock code|stock name|Last Price|Last Change|Theme|Inclusion Reason|market_code|
|---|---|---|---|---|---|---|---|
|MSTR|MSTR.O|Microstrategy|368.79|-2.462312|||185|
|CANG|CANG.N|Cango|5.08|-3.053435|||169|
|HUT|HUT.O|Hut 8|16.32|-4.056437|||185|
|COIN|COIN.O|Coinbase Global|244.2|-4.609375|||185|
|BTDR|BTDR.O|Bitdeer|12.63|-4.679245|||186|
|MARA|MARA.O|MARA Holdings|14.88|-5.041481|||186|
|FLD|FLD.O|Fold Holdings|4.51|-5.052632|||186|
|CLSK|CLSK.O|CleanSpark|9.02|-5.351522|||186|
|RIOT|RIOT.O|Riot Platforms|8.99|-5.3684210000000006|||186|
|BTCM|BTCM.N|BIT Mining|1.9|-5.472637000000001|||169|