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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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