“But the new one, the Circle Internet Group, is loved because it’s a pure play on digital assets. It’s talking about digital currencies, blockchains, the works, oh, every buzzword imaginable.”
Circle (NYSE:CRCL) provides a blockchain-based platform that supports stablecoin issuance, tokenized assets, and digital payment infrastructure. The company’s services include a suite of financial tools and developer solutions designed to help organizations engage with the digital economy. On June 9, Cramer mentioned the company and said:
“Last week, we saw one of the flashiest deals of the year when Circle Internet Group came public… Speaking of the financials, Circle’s numbers, they’re pretty impressive. In the first quarter of the year, they posted 59% revenue growth, 75% net income growth. So, at the end of the day, where do I come down on Circle? Look, this is actually a pretty darn good business. USDC’s popular.
Circle Internet Group (NYSE:CRCL) is one of the 18 stocks Jim Cramer recently shared insights on. While discussing the company, Cramer made the following remarks: