Jim Cramer drops blunt eight-word verdict on rising tech stock originally appeared on TheStreet .

Jim Cramer , host of CNBC's popular TV show "Mad Money," isn't known for shying away from sharing his opinionated takes on the markets. Whether a stock is decades old or newly launched, nothing escapes his close scrutiny.

Cramer recently dropped his bold verdict on Circle Internet Group (NYSE: CRCL).

"Circle is one the red hot griddle tonight," the veteran analyst wrote on X on June 30.

Circle is a prominent crypto company that issues the USDC stablecoin.

A stablecoin is a type of cryptocurrency that tries to maintain a stable value, unlike traditionally volatile cryptocurrencies such as Bitcoin .

Pegged 1:1 to the U.S. dollar , Circle's USDC is the second-largest stablecoin behind Tether's USDT . With a market cap of $61.39 billion, USDC accounts for nearly 25% of the total stablecoin market cap of $253.65 billion, as per DeFiLlama .

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Founded in 2013, Circle went public on June 5, 2025, as it opened at $69 on the New York Stock Exchange (NYSE), around 125% higher than the IPO price of $31.

As the U.S. Senate passed the stablecoin regulation-related GENIUS Act on June 17, the stock skyrocketed 30% to around $200 the next day.

The stock has not escaped Cramer's scrutiny, who last week said Circle "has a bright future in the red-hot Stablecoin market."

In fact, analysts at the brokerage firm Bernstein have granted an outperform rating and a price target of $230 to the CRCL stock.

"We view CRCL as an investor must-hold, to participate in the new internet-scale financial system built for the next decade," analysts led by Gautam Chhugani wrote.

The CRCL stock closed at $181.29 on June 30, up 0.48% a day.

Jim Cramer drops blunt eight-word verdict on rising tech stock first appeared on TheStreet on Jun 30, 2025

This story was originally reported by TheStreet on Jun 30, 2025, where it first appeared.