Circle: CRCL Rises 9% on Profit and Guidance Lift
Circle posts $48M net income and $701M revenue, lifting CRCL 9% pre-market as USDC circulation growth hits 19%.
SourceAnalysis
Circle swung to $48 million net income from a large loss a year ago, sending $CRCL up 9% in pre-market trading after the firm raised full-year guidance. Revenue and reserve income reached $701 million, up 7%, while USDC in circulation climbed to $73.3 billion, up 19%, and average USDC circulation grew 25% to $76.5 billion. USDC onchain volume surged 151% to $14.8 trillion and adjusted EBITDA rose 8% to $143 million, underscoring accelerating stablecoin market trends and Circle stock performance.
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