EconomyCircle quarterly revenue rises as stablecoin circulation accelerates
Circle reported stronger second-quarter revenue on Wednesday, with broader use of its USDC stablecoin supporting the increase. Businesses and institutions are adopting USDC for purposes beyond cryptocurrency trading. The company’s shares rose 7.7% in premarket trading following the report. The results point to accelerating circulation and expanding institutional use of the stablecoin.
Circle quarterly revenue rises as stablecoin circulation accelerates
