Circle beats earnings and revenue estimates on soaring USDC transaction volume
Headline from CoinDesk
Key points
- Stablecoin issuer Circle reported third-quarter financial results that exceeded expectations for both earnings and total revenue.
- The strong performance was primarily driven by a surge in transaction volume for its USDC stablecoin.
- Additionally, net income from continuing operations rose 5% year-over-year during the period, reaching $226 million for the quarter.
Summarized automatically by Kryptokite from reporting by CoinDesk. Read the original sources for full detail.
Coins mentioned
Sources
- CoinDeskCircle beats earnings and revenue estimates on soaring USDC transaction volume · 42 minutes agoRead on CoinDesk
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