LATEST: 🎯 #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.
#BinanceReopensWithdrawalsForMoreAssets
#Binance98PercentReplenished
#USMidterms-WhatAreMarketsExpecting?
#USStocksSlipandCryptoMarketUnderBroadPressure
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.
#BinanceReopensWithdrawalsForMoreAssets
#Binance98PercentReplenished
#USMidterms-WhatAreMarketsExpecting?
#USStocksSlipandCryptoMarketUnderBroadPressure
