Circle shrugs off stablecoin profit fall, preps launch of Arc mainnet

Homepage > News > Finance > Circle shrugs off stablecoin profit fall, preps launch of Arc mainnet USDC stablecoin-issuer Circle (NASDAQ: CRCL) saw revenue rise, but falling interest rates and strategic partner incentives took a bite out of Q2’s profits. Revenue rises, profit falls, on-chain transaction volume slips Arc names validators ahead of September mainnet launch Allaire says Circle has “right to win” agentic AI payments fight Stop asking about OUSD already Circle saw its shares spike 10% to nearly $69 early Wednesday ahead of the release of the company’s financial report card for the three months ending June 30. But the shares quickly fell back to earth as investors realized Circle missed its revenue estimates for the quarter. Circle closed the day effectively where it began ($63.38, +0.2%). Since the year began, Circle’s share price has fallen nearly 21% and is down more than 59% over the past 12 months. Circle’s total ‘revenue and reserve’ income hit $701.3 million in Q2, a slight improvement over Q1’s $694 million and significantly better than Q225’s $658 million. But that revenue figure was ~$12 million below Wall Street’s expectations. Circle’s primary ‘reserve...