Tokenized Circle stock in DeFi climbs to $7.7 million

Shares of Circle Internet Group are earning their keep in decentralized finance. As of October 20, 2026, approximately $7.7 million in tokenized Circle stock had been deposited into DeFi protocols. It is sitting in liquidity pools, backing loans and trading around the clock on Solana and Ethereum. Where the CRCLx is parked The token in question is CRCLx, issued by xStocks. Each token is backed 1:1 by real Circle shares held in custody. Raydium is the largest single venue. Its concentrated liquidity market maker pools on Solana hold around $3 million in CRCLx. A concentrated liquidity pool lets providers park their capital within a chosen price range instead of spreading it thin across every possible price. The result is deeper liquidity where trading actually happens, and potentially more fees for the people supplying it. Uniswap comes in a close second. Its v3 and v4 pools on Ethereum hold approximately $2.9 million in CRCLx combined. Kamino Lend, a lending protocol on Solana, has drawn about $908,000 in deposits. That means some holders are not just trading the token but using it to earn yield or borrow against it. The remainder of the roughly $7.7 million is spread across other ...