#circleq3revenue865m
Circle just reported its Q3 numbers, and the headline is big. Revenue and reserve income hit $865 million, up 17% from last year. Net income was $226 million.
But look closer. About $182 million came from selling its new ARC token, not from its main USDC business. Reserve income actually fell 8%. USDC circulation averaged $73.3 billion, up 8%. Circle also cut about 5% of its staff.
Strong headline, mixed story underneath. Are you bullish on CRCL?
$BTC $ETH $XRP
Circle just reported its Q3 numbers, and the headline is big. Revenue and reserve income hit $865 million, up 17% from last year. Net income was $226 million.
But look closer. About $182 million came from selling its new ARC token, not from its main USDC business. Reserve income actually fell 8%. USDC circulation averaged $73.3 billion, up 8%. Circle also cut about 5% of its staff.
Strong headline, mixed story underneath. Are you bullish on CRCL?
$BTC $ETH $XRP