Circle (CRCL) reported Q2 total revenue and reserve income of $701M, up 7% year over year. Growth in USDC circulation and other revenue supported results, but was partly offset by a lower reserve return rate. Overall, the print is a modest positive for near-term fundamentals.
Circle (CRCL) reported Q2 total revenue and reserve income of $701M, up 7% year over year. Growth in USDC circulation and other revenue supported results, but was partly offset by a lower reserve return rate. Overall, the print is a modest positive for near-term fundamentals.
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mildly positive
Sentiment Score
0.25
Ticker Sentiment
