--- title: "Weekly Recap | Circle -2.71%, EU designates USDC as first significant e-money token" type: "News" locale: "en" url: "https://longbridge.com/en/news/302169982.md" description: "Circle (CRCL) fell 2.71% this week to close at $82.22, while the S&P 500 lost 1.95%, leaving the stock about 0.76 percentage points behind the benchmark. The week was wide-ranging, with amplitude of 14.96% concentrated on Thursday. It opened at $83.51 on Monday, finished Tuesday at $84.27, slid to $79.55 on Wednesday, then swung from an intraday low of $75.27 on Thursday to close at $86.97 before easing to $82.22 on Friday. The close held above the 60-day moving average of $81." datetime: "2026-10-17T06:54:16.000Z" locales: - [zh-CN](https://longbridge.com/zh-CN/news/302169982.md) - [en](https://longbridge.com/en/news/302169982.md) - [zh-HK](https://longbridge.com/zh-HK/news/302169982.md) generator: "portal-rs" --- # Weekly Recap | Circle -2.71%, EU designates USDC as first significant e-money token ## The Week Circle (CRCL) fell 2.71% this week to close at $82.22, while the S&P 500 lost 1.95%, leaving the stock about 0.76 percentage points behind the benchmark. The week was wide-ranging, with amplitude of 14.96% concentrated on Thursday. It opened at $83.51 on Monday, finished Tuesday at $84.27, slid to $79.55 on Wednesday, then swung from an intraday low of $75.27 on Thursday to close at $86.97 before easing to $82.22 on Friday. The close held above the 60-day moving average of $81.68 but sat below the 20-day line at $85.46. ## Key Events Regulatory news set the tone this week. On 15 October, EU authorities classified USDC as the first significant e-money token under MiCA, putting Circle in line for stricter reserve, redemption and disclosure rules in Europe. A day earlier, the company outlined a seven-part framework for assessing institutional wrapped assets. Circle minted 250 million USDC on the Solana network twice during the week, although USDC circulating supply fell by roughly 500 million over the past seven days. CEO Jeremy Allaire said the company is accelerating entry into 40 emerging and developing markets. Circle also reported about $1.4 billion in revenue for the first half of 2026, with USDC settling over $36 trillion in the period. Reports of executive selling coincided with a midweek drop of more than 5% on Wednesday before a rebound of nearly 7% on Thursday. ## Analyst Ratings Coverage on Circle totals 29 institutions: 13 rate it buy, 2 overweight, 11 hold and 3 sell. The consensus rating is buy, with a consensus target of $106.98, about 30.1% above the latest price. The target range is unusually wide, from $37.00 to $243.00, pointing to a sizeable dispersion of views on the longer-term valuation. Circle ranks 13th among 205 companies in the application software industry. ## The Week Ahead Circle reports fiscal third-quarter results before the market opens on 4 November, with consensus estimates at EPS of $0.3764 and revenue of $786 million. That is the most direct company-specific catalyst after this week. The macro calendar before then includes the NAHB housing market index on 19 October, housing starts and building permits on 20 October, and EIA crude inventories on 21 October. Crypto price direction and the implementation details of the EU regulatory designation remain external factors for the stock. ## In Short Circle’s trading this week followed an external-driven pattern: regulatory escalation and executive-selling headlines pushed the stock lower, while a crypto-sector rebound lifted it again intraweek. The sell-side stance is broadly positive, with a buy consensus and a target about 30% above spot, but targets ranging from $37 to $243 suggest analysts do not agree on valuation. The stock trades around 46.25x earnings and 5.95x book. On the latest trading day, large and medium orders were net sellers while small orders were net buyers. What comes next is whether early November earnings can back the growth story, and how USDC circulation responds as the EU framework takes shape. *This article is generated by LongbridgeAI from market data, for information only and not investment advice.* ### Related Stocks - [CRCL.US](https://longbridge.com/en/quote/CRCL.US.md) - [CCUP.US](https://longbridge.com/en/quote/CCUP.US.md) - [CRCG.US](https://longbridge.com/en/quote/CRCG.US.md) - [CRCD.US](https://longbridge.com/en/quote/CRCD.US.md) - [CRCO.US](https://longbridge.com/en/quote/CRCO.US.md) ## Related News & Research - [Circle Joins 30-Partner EXITO Consortium to Advance Logistics Digitalization](https://longbridge.com/en/news/302370626.md) - [Index Venture Associates V’s Voting Rights in Funding Circle Rise to 15.01% From 14.12%](https://longbridge.com/en/news/302525873.md) - [Circle plans expansion into 40 global markets - report](https://longbridge.com/en/news/302106587.md) - [Circle’s eXyond Gets About EUR 135,000 Grant for EU Traffic Data Project](https://longbridge.com/en/news/302246675.md) - [Circle Sees Stablecoin Opportunity in Vietnam’s Cross-Border Payments](https://longbridge.com/en/news/302564564.md) --- > **Disclaimer: This article is for reference only and does not constitute any investment advice.**