What other stocks are like circle

Symbols

6/5/2025 11:39pm

Aime

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:

📊 Circle-Like Stocks

Stock	Ticker	Market Cap	Key Similarities	Why It’s Comparable
Coinbase	COIN	$54.3B	Largest U.S. crypto exchange; supports USDC¹²	Direct exposure to stablecoins (USDC) and digital asset infrastructure¹².
MicroStrategy	MSTR	$12.3B	Holds $6.1B in Bitcoin¹; explores blockchain applications	Long-term Bitcoin exposure aligns with Circle’s digital currency focus¹.
Hut 8 Mining	HUT	$2.8B	Industrial-scale Bitcoin mining¹	Represents the broader crypto ecosystem, similar to Circle’s infrastructure role¹.
Riot Platforms	RIOT	$1.2B	Bitcoin mining & blockchain tech¹	Vertical integration in crypto infrastructure mirrors Circle’s strategic focus¹.
eToro	TIGR	$5.4B	Social trading platform; recent IPO³⁴	Similar timing and fintech innovation as Circle’s IPO³⁴.
Chime	CHME	$10.2B	Digital banking disruptor; recent IPO³	Represents the broader fintech innovation wave³.

📊 Analysis

Coinbase (COIN): As the largest U.S. crypto exchange, Coinbase directly supports Circle’s USDC stablecoin¹². While not a stablecoin issuer itself, its infrastructure ties to digital currencies make it a strategic peer.
MicroStrategy (MSTR): Holds significant Bitcoin reserves¹, aligning with Circle’s focus on blockchain-driven financial innovation.
Hut 8 & Riot Platforms: Represent the mining infrastructure side of crypto, complementing Circle’s stablecoin issuance¹.
eToro & Chime: Recent IPOs in fintech³⁴, reflecting the market’s appetite for digital financial innovation similar to Circle’s debut.

📊 Why These Stocks?

Market Timing: eToro and Chime’s recent IPOs mirror Circle’s 2025 public debut³⁴.
Sector Alignment: All listed companies operate within the crypto-fintech ecosystem, sharing Circle’s focus on digital asset infrastructure¹².
Strategic Synergy: Coinbase and MicroStrategy are direct partners in the stablecoin ecosystem, while Hut 8 and Riot Platforms provide complementary mining infrastructure¹².

📊 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 volatility¹², fitting the user’s risk appetite.

theme is stablecoin(15)

Last Price($)	Last Change%	Theme	Inclusion Reason
368.79	-2.46%	Software,Application Software,Cryptocurrencies,Software & Services,Information Technology	【Cryptocurrencies】On December 27, 2023, MicroStrategy Incorporated announced that between November 30, 2023 and December 26, 2022, MicroStrategie and its subsidiaries acquired approximately 14620 bitcoins for approximately $615.7 million in cash, with an average price of approximately $42110 per bitcoin, including fees and expenses.
5.08	-3.05%	Information Technology,Application Software,Software & Services,Software,Cryptocurrencies	【Cryptocurrencies】On January 2, 2025, according to the company's official website, Cango announced a production update for its cryptocurrency mining business in December 2024.
16.32	-4.06%	Information Technology,Software & Services,Software,Cryptocurrencies,Application Software	【Cryptocurrencies】Hut 8 is a cryptocurrency mining company with industrial scale Bitcoin mining operations in Canada. Hut 8 provides investors with the opportunity to directly access Bitcoin without the technical complexity or limitations of purchasing the underlying cryptocurrency. Investors do not need to create online wallets, wire transfers offshore, or securely store their Bitcoin.
244.20	-4.61%	Metaverse,Cryptocurrencies,Trading broker,Financials,Capital Markets,Diversified Capital Markets,Fintech,Financial Services	【Cryptocurrencies】Coinbase Global, Inc. engages in technology and financial infrastructure products and services. It provides encryption technology, including self hosted wallets, decentralized applications and services, and an open community engagement platform. The company was founded by Brian Armstrong in 2012 and is headquartered in San Francisco, California.
12.63	-4.68%	Software & Services,Information Technology,Blockchain Economy,Cryptocurrencies,Software,Application Software	【Cryptocurrencies】Bitdeer Technologies Group is engaged in the cryptocurrency mining industry. It generates revenue through its proprietary mining data center. The company is headquartered in Singapore.
14.88	-5.04%	Information Technology,Software & Services,Software,Application Software,Blockchain Economy,Cryptocurrencies	【Cryptocurrencies】MARA Holdings, Inc. was registered and established in Nevada on February 23, 2010. The company is a digital asset technology company dedicated to mining cryptocurrencies, with a focus on the blockchain ecosystem and the generation of digital assets. They purchased cryptocurrency mining machines and established a data center in Canada to mine digital assets.
4.51	-5.05%	Financial Services,Specialized Finance,Financials,Cryptocurrencies	【Cryptocurrencies】Fold Holdings, Inc., a bitcoin financial services company, provides access to bitcoin through a suite of consumer financial products in the United States. The company through its financial services platform allows consumers to accumulate, save, and use bitcoin to accomplish financial goals.
9.02	-5.35%	Software,Cryptocurrencies,Application Software,Information Technology,Software & Services	【Cryptocurrencies】CleanSpark, Inc. is a Bitcoin mining technology company engaged in data center management. Its operating locations include College Park, Norcross, Washington, Sandersville, Dalton, and Massena. The company was founded by S. Matthew Schultz and Bryan Huber on October 15, 1987, and is headquartered in Henderson, Nevada.
8.99	-5.37%	Information Technology,Software & Services,Blockchain Economy,Software,Application Software,Cryptocurrencies	【Cryptocurrencies】Riot Platforms, Inc. was founded on July 24, 2000 as a Colorado corporation. Riot is a Bitcoin mining and digital infrastructure company that focuses on vertical integration strategies. The company has Bitcoin mining data center operations in central Texas, Bitcoin mining operations in central Texas, and electrical switchgear engineering and manufacturing operations in Denver, Colorado.
1.90	-5.47%	Application Software,Information Technology,Software,Software & Services,Cryptocurrencies	【Cryptocurrencies】Bit Mining Co., Ltd. was founded on April 20, 2007, committed to becoming a leading global cryptocurrency mining enterprise. Since announcing its entry into the cryptocurrency industry in December 2020, the company has continuously purchased Bitcoin mining machines, increased its holdings in its subsidiary, Lotto Interactive Entertainment, which owns cryptocurrency mining sites, acquired BTC.com mining pools, BTC.com domain names, and cryptocurrency wallet businesses, and launched a comprehensive layout in the field of cryptocurrency mining.

Ticker
MSTRMicrostrategy
CANGCango
HUTHut 8
COINCoinbase Global
BTDRBitdeer
MARAMARA Holdings
FLDFold Holdings
CLSKCleanSpark
RIOTRiot Platforms
BTCMBIT Mining

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Source:

1. Theme is Stablecoin