Circle beats earnings and revenue estimates on soaring USDC transaction volume
Summary
Circle reported a quarterly net income of $226 million, marking a five percent increase compared to the same period last year. The financial results exceeded analyst expectations for both earnings and revenue, driven by a significant rise in transaction volume for the USDC digital currency.
Circle’s net income for continuing operations of $226 million grew 5% year-over-year to $226 million in the third quarter.
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