What smart money is saying about Circle Internet Group
2 funds in our archive have pitched Circle Internet Group — most recently Jacob Funds Management in April 2026.
Circle Internet Group, Inc. establishes and maintains the core infrastructure for stablecoin and blockchain-based applications, functioning as a foundational platform and network for this innovative financial technology. The company offers an extensive array of stablecoin products and services, empowering organizations to harness the benefits of digital currencies and the evolving internet-driven financial ecosystem. Notably, it is a prominent issuer of a stablecoin pegged to the U.S. dollar. Its robust digital asset network encompasses proprietary Circle stablecoins, tokenized investment funds, liquidity provision, payment processing solutions, and comprehensive support for both developers and system integration. Founded in 2013, the firm maintains its headquarters in New York, New York.
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Position history
Between Q3 2025 and Q2 2026, 1 fund letter reported a position in Circle Internet Group, with no move described.
| Quarter | Letters | Bought | Sold | Theses |
|---|---|---|---|---|
| Q2 2026 | 1 | 0 | 0 | 1 |
| Q3 2025 | 0 | 0 | 0 | 1 |
Fund activity · 1 position
- June 2026
“Bottom contributors to performance for the quarter included Chinese AI model company MiniMax, Chinese platform company Tencent, Chinese Internet leader Alibaba, US-based stablecoin issuer Circle Internet Group, and US-based fintech provider Coinbase. MiniMax declined due to concerns about increasing competition among Chinese large language model (LLM) players after DeepSeek launched its latest model at a low token price, even as the company continued to see strong token demand and revenue ramp up. Tencent declined as investors debated the company’s AI positioning and the potential need to accelerate investments, despite progress in both agent ecosystem adoption and foundational model investment. Alibaba declined as concerns about e-commerce weakness and investment-related cash flow pressure overwhelmed optimism about the company’s AI and cloud businesses. Circle declined due to emerging stablecoin competition, digital asset market weakness, and limited progress on the CLARITY Act.”
Read the letterCircle Internet Group
Fund coverage · 2 theses
- Jacob Funds ManagementApril 2026
Circle Internet Group is a stablecoin and blockchain payments platform that benefits from rapid USDC growth and a potential adoption inflection point.
Read the full thesis - Jacob FundsSeptember 2025
Circle Internet Group is a growing digital financial infrastructure provider and the issuer of USDC, the second-largest stablecoin, which benefits from regulatory support and partnerships that enhance its market position.
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