Movement Alert｜Circle Internet Corp. Falls 4.05% in Pre-Market Trading, Stablecoin Supply Contraction and Rising Bank Competition Weigh on Sentiment

Market Focus11-12

On November 12, Circle Internet Corp. fell 4.05% in Pre-Market Trading, trading at $64.4 per share, with turnover of $5.7235 million.

The move aligned with renewed pressure on the stablecoin sector as the total market shrank by about $14.86 billion over the past 30 days, the sharpest monthly contraction since June 2022, while USDC circulation fell to about $69.89 billion.

Recent market reports also pointed to growing competitive pressure as major banks advanced regulated dollar stablecoin initiatives, including Project Faro backed by 21 financial institutions with about $270 million in planned support. While Circle recently reported quarterly EPS of $0.84 and revenue plus reserve income of $864.9 million ahead of expectations, short-term trading appears more focused on supply contraction and competitive risks to its core USDC franchise.

(The above content is based on publicly available market information, generated by a program or algorithm, and is intended solely as a stock movement alert. It does not constitute investment advice or a basis for trading decisions.)

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