Why Is Circle Stock Falling on Tuesday?
Circle Internet Group Inc. (NYSE: CRCL ) stock was trading lower on Tuesday as investors engaged in profit-taking following a 7% rally on Monday. The broader crypto-linked stock sector experienced upward momentum on Monday after Senate Republicans released a revised draft of the Clarity Act ahead of a planned procedural vote on Tuesday. The updated bill addresses Democrats’ ethics and banking industry concerns, potentially increasing the likelihood of legislative passage, according to Pro. On Sept. 8, Keefe, Bruyette & Woods initiated coverage on Circle Internet Group with a Market Perform rating and announced a price forecast of $105. Read Also: Peter Schiff Calls Treasury Buybacks 'a Sign of Desperation' as Bond Yields Hit Multi-Decade Highs: 'The Markets Will Prevail in the End' Strategic Cross-Border Acquisition On Sept. 8, Circle announced that it had signed a definitive agreement to acquire the Singapore-based cross-border payments platform Tazapay. Financial terms were not disclosed. The acquisition is expected to close in 2027, subject to customary conditions and regulatory approvals from the Monetary Authority of Singapore. Tazapay processes over $25 billion in annualized
Circle Internet Group Inc. (NYSE: CRCL ) stock was trading lower on Tuesday as investors engaged in profit-taking following a 7% rally on Monday. The broader crypto-linked stock sector experienced upward momentum on Monday after Senate Republicans released a revised draft of the Clarity Act ahead of a planned procedural vote on Tuesday. The updated bill addresses Democrats’ ethics and banking industry concerns, potentially increasing the likelihood of legislative passage, according to Pro.
On Sept. 8, Keefe, Bruyette & Woods initiated coverage on Circle Internet Group with a Market Perform rating and announced a price forecast of $105. Read Also: Peter Schiff Calls Treasury Buybacks 'a Sign of Desperation' as Bond Yields Hit Multi-Decade Highs: 'The Markets Will Prevail in the End' Strategic Cross-Border Acquisition On Sept. 8, Circle announced that it had signed a definitive agreement to acquire the Singapore-based cross-border payments platform Tazapay.
Financial terms were not disclosed. The acquisition is expected to close in 2027, subject to customary conditions and regulatory approvals from the Monetary Authority of Singapore. Tazapay processes over $25 billion in annualized payment volume and will add more than 60 banking and fintech partners alongside payout access in over 100 markets. About 60% of Tazapay’s volume involves stablecoins.
"Stablecoin settlement is becoming core infrastructure in the global economy," Circle co-founder, Chairman and CEO Jeremy Allaire said. Expansion of Global Payments Network Tazapay has served as a design partner for the Circle Payments Network since 2025. Circle aims to leverage the acquisition to expand USDC stablecoin adoption across Asia-Pacific and emerging markets. 73 billion in cash and cash equivalents as of June 30.
06), which typically keeps the intermediate trend biased to the upside. 66), keeping the "death cross" that formed in June in the background. 43 on Tuesday, according to Pro data. Read Also: Scott Bessent Hits Russia’s State-Owned Bank With New Iran Sanctions— 'This is a China Play,' Says Former Treasury Official Photo: bella1105 / Shutterstock