TODAY: 🎯 @circle
reported $865 MILLION in Q3 revenue, up 17% year-over-year.
But there's an interesting catch. $182M came from its ARC token presale, offsetting an 8% decline in income generated from USDC reserves.
Without that token sale contribution, total revenue would have actually FALLEN roughly 8% year-over-year.
Circle is growing beyond stablecoins, but its core
$USDC reserve is still feeling pressure from lower interest rates
reported $865 MILLION in Q3 revenue, up 17% year-over-year.
But there's an interesting catch. $182M came from its ARC token presale, offsetting an 8% decline in income generated from USDC reserves.
Without that token sale contribution, total revenue would have actually FALLEN roughly 8% year-over-year.
Circle is growing beyond stablecoins, but its core
$USDC reserve is still feeling pressure from lower interest rates
