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About Circle xStock
Analysis of 22 Jul 2026Circle xStock (CRCLx) is a tracker certificate issued by Backed Assets (JE) Limited that follows the share price of Circle Internet Group, the public company behind USDC. It is not issued by Circle and does not represent USDC.
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Backed identifies the product under ISIN CH1436219773 and states that xStocks are backed 1:1 by underlying securities held with regulated brokers and custodians. CRCLx trades as a Solana SPL token and an ERC-20 token across Ethereum and compatible networks.
The product currently charges no management fee, although up to 0.25% annually may be introduced, while issuance and redemption can each cost up to 0.50%. Distribution restrictions exclude U.S. persons and other prohibited jurisdictions.
