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Tag: Circle

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Circle’s $182M ARC Token Sale Drives Q3 Growth While USDC Onchain Volume Hits $13.9T
Key Takeaways:

Circle raised an additional $182 million in the ARC token presale during Q3.Onchain transaction volume rose almost 50% YoY for USDC to $13.9 trillion.Reserve income dropped by 8% and USDC share closed the quarter at 27%.
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17h ago
CryptoNinjas
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Circle’s ARC token sale lifts earnings as lower yields weigh on USDC income
Circle is looking to payments fees and future staking rewards to diversify revenue as its core stablecoin business faces pressure from lower yields and growing competition. Read full article
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Circle Q3 Revenue Hits $865M as USDC Issuer Cuts Workforce by 5%
Circle’s third-quarter revenue climbed 17% to $865 million, while net income rose 5% to $226 million. The USDC stablecoin issuer’s results were strengthened by a $182 million ARC token presale, which helped offset declining income from the reserves backing USDC.… Read full article
1d ago
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