Forget AI Stocks: This Stablecoin Provider Is the Utility Stock of Digital Assets
2026-02-21 10:41:00 ET
Circle Internet Group (NYSE: CRCL) is the world's second-biggest stablecoin issuer. Price-wise, the company has had a rocky ride since its initial public offering (IPO) in June 2025. Initially priced at $31, Circle immediately jumped to $69 and soared to over $260 within weeks. As of Feb. 17, it is trading at around $62.
Down 76% from its high, Circle's performance does not compare well with top artificial intelligence (AI) stocks . Still, as investors start to fear AI overvaluation, this stablecoin provider is worth a closer look. Stablecoins -- tokens that represent traditional currencies, such as the U.S. dollar -- are soaring. Not only do they offer a meeting point for traditional finance and cryptocurrency, but they could also underpin AI agent payments. Here's how Circle is building the payment infrastructure for the future.
Image source: Getty Images.
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