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Circle Q3 Revenue Rises 17 Percent to $865 Million Driven by ARC Token Sale

(5 hours ago) · 1 source · Summarized by CryptoBipto

Circle reported third-quarter revenue of $865 million, a 17% increase compared to the prior period. The growth was largely attributed to proceeds from the sale of ARC tokens, while the company's reserve income declined during the quarter.

WHY IT MATTERS

Circle is the company that issues USDC, one of the most widely used stablecoins — digital tokens designed to maintain a steady value pegged to the U.S. dollar.

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SOURCES

  • cryptopotato.com

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