Circle Surges Past Profit Forecast as Stablecoin Expansion Powers Growth
Circle delivered stronger-than-expected third-quarter results, signaling the growing influence of stablecoins in mainstream finance. The issuer of the USDC token reported adjusted earnings of 36 cents per share, beating analyst expectations of 22 cents, while total revenue soared 66 percent to $739.8 million. The company said profit growth was fueled by higher reserve income generated […]