Circle beats earnings and revenue estimates on soaring USDC transaction volume
AI summary
Circle reported third-quarter results that beat both earnings and revenue estimates, helped by surging USDC transaction volume. Net income from continuing operations came in at $226 million, up 5% year-over-year. The beat matters to traders because Circle is the issuer of USDC, the second-largest stablecoin, so stronger volumes signal growing stablecoin demand and usage across crypto markets.
