Stocks · US stock · Stablecoins
Circle perpetual (CRCLUSDT) on QATS Prop
Circle (CRCLUSDT) is a USDT-margined perpetual future you can trade on QATS Prop TradFi challenges, one of 33 instruments on that line. It is priced from Binance, takes leverage up to 10× on the current plans, trades around the clock and never expires.
Compiled by the QATS team from the live instrument catalogue · checked
CRCLUSDT at a glance
- Symbol
CRCLUSDT, a USDT-margined perpetual future with no expiry- Challenge
- QATS Prop TradFi challenges
- Priced from
- Binance
- Listed on
- Binance and Bybit
- Max leverage
- Up to 10× on the current plans, chosen per order
- Funding
- The exchange’s funding rate, paid or received at its funding times and added to the position’s P&L
- Risk day
- Starts at 17:00 Chicago time, an accounting boundary, not a pause
- Hours
- 24/7; the stock trades 09:30–16:00 New York
What is Circle?
Circle: the company behind USDC, the second-largest dollar stablecoin.
Circle issues USDC, a digital dollar backed by cash and short-term US government debt. It earns the interest on those reserves, so its income depends on how many USDC are in circulation and on the level of short-term interest rates.
Listed in 2025, it gives the stock market a direct way to trade stablecoin adoption. It reacts to legislation on stablecoins, to changes in USDC supply and to expectations for interest rates.
- Listed on
- New York Stock Exchange
- Sector
- Financial technology
- Product
- USDC stablecoin
What moves the price of Circle?
- USDC in circulation
- More stablecoins issued means more reserves earning interest.
- Interest rates
- Lower short-term rates reduce the income on its reserves.
- Stablecoin regulation
- Laws defining who may issue stablecoins and how.
- Crypto market activity
- Busy crypto markets raise demand for stablecoins.
What do traders watch?
- Circle earnings dates
- Federal Reserve decisions
- Stablecoin legislation
When does CRCLUSDT trade?
The perpetual trades around the clock, but it follows a market that is open 09:30 to 16:00 New York time. Outside those hours, and at weekends, the book is thinner and spreads are wider.
What are the risks of trading Circle on a prop account?
- Results are published four times a year, after or before the New York session. A move of several percent in minutes is normal on those days.
- The market it follows is closed at weekends. A position held through the weekend meets Monday’s opening price, which can be far from Friday’s close.
- This is a perpetual contract: it has no expiry, and its price can sit slightly above or below the market it follows.
Related instruments
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Sources
Frequently asked questions
01Can I trade Circle with a prop firm?
Yes. Circle (CRCLUSDT) is on QATS Prop TradFi challenges as a USDT-margined perpetual, priced from Binance. It is listed on Binance and Bybit, has no expiry and trades 24/7.
02What leverage can I use on CRCLUSDT at QATS Prop?
Up to 10× on the current plans. You choose the leverage of each order up to that ceiling; the account’s daily loss limit and maximum loss still apply to the position.
03When can I trade CRCLUSDT?
The perpetual trades around the clock, but it follows a market that is open 09:30 to 16:00 New York time. Outside those hours, and at weekends, the book is thinner and spreads are wider.
Educational content, not investment advice. This page describes what the market is and does not forecast its price. Evaluation and Funded accounts are simulated; Live Funded is real capital by separate review. Which instruments an account can trade is set by its plan and checked on every order.
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