Circle’s $182 million crypto token sale masks revenue decline as USDC business weakens

Poin penting

• Circle reported $865 million in total third-quarter revenue, bolstered primarily by crypto token presale recognition that masked an underlying decline in its core business.
• Income from the company's reserve assets fell by 8% during the period, highlighting weakness in its primary USDC stablecoin operations despite the boost from its recent $182 million token sale.

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