Business1 source
Circle’s $182 million crypto token sale masks revenue decline as USDC business weakens
Headline from CryptoSlate
Key points
- 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.
Summarized automatically by Kryptokite from reporting by CryptoSlate. Read the original sources for full detail.
Coins mentioned
Sources
- CryptoSlateCircle’s $182 million crypto token sale masks revenue decline as USDC business weakens · 27 hours agoRead on CryptoSlate
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