Circle Reports $701 Million Q2 Revenue Amid Arc Launch Preparations
Circle has announced a Q2 revenue of $701 million, slightly below Wall Street estimates. The company is gearing up for the launch of its Arc blockchain on September 16, with major validators like BlackRock and Visa involved. Despite a 19% increase in USDC circulation, concerns about USDC redemptions and mixed financial results have impacted stock performance.
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Circle Posts $701 Million Q2 Revenue as USDC Activity Accelerates
Circle reported stronger second-quarter earnings as USDC circulation and transaction activity expanded. The stablecoin issuer also set a September launch date for Arc, its institutional blockchain network. USDC Volume Jumps 151% to $14.8T as Circle Returns to Profit Circle Internet Group returned to profit in the second quarter as greater USDC adoption offset weaker returns […]
USDC redemptions just outpaced mints by $4B, but a massive new token presale is quietly doubling Circle’s revenue outlook
Redemptions exceeded mints, yet circulation rose 19% as lower reserve yield sharpened attention on an undisclosed ARC Token contribution. The post USDC redemptions just outpaced mints by $4B, but a massive new token presale is quietly doubling Circle’s revenue outlook appeared first on CryptoSlate .
Circle Taps Visa, Mastercard and BlackRock as Validators for September Arc Launch
Circle's USDC distribution deal with Coinbase has been renewed on existing terms, and Arc's testnet has processed half a billion transactions.
Circle stock reverses 7% rally after mixed Q2 results
Circle stock erased an early 7% rally and fell nearly 3% after mixed second-quarter results and renewed concerns about weaker USDC activity and shrinking margins. Circle earnings beat on profit but miss on revenue Circle Internet Group reported mixed results…
Circle names BlackRock, DTCC among Arc validators as Q2 revenue hits $701 million
Circle named BlackRock, Visa, DTCC and eight others as Arc validators as Q2 revenue hit $701M and USDC circulation reached $73.3B.
Circle Q2 revenue falls short of Wall Street estimates
Stablecoin issuer Circle reported $701 million in Q2 revenue, missing Wall Street estimates of about $713 million.
Circle confirms Sept. 16 Arc launch as BlackRock, Visa join validator group
Circle has announced that its Arc blockchain will launch on the public mainnet on Sept. 16, with BlackRock, DTCC, Mastercard, Visa, Standard Chartered, and other global financial institutions serving as founding validators. According to Circle, Arc is currently running on…