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Circle Sold $182 Million in Crypto Tokens as USDC Revenue Declined

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

Circle reportedly sold $182 million worth of crypto tokens, a move that appears to offset a decline in revenue from its core USDC stablecoin business. The report suggests that Circle's USDC-related earnings have weakened, raising questions about the company's financial trajectory.

WHY IT MATTERS

Circle issues USDC, a type of cryptocurrency called a stablecoin that is meant to always be worth one US dollar.

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SOURCES

  • cryptoslate.com

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