FinanceCointelegraphabout 1 hour ago
Circle ARC Sale Boosts Earnings Amid USDC Pressure
3 min read
Circle reported third-quarter earnings of $865 million, a 17% rise driven by $182 million in ARC token presale revenue. This offset an 8% drop in USDC reserve income to $657.6 million due to yields falling to 3.5%. The company also cut 5% of its workforce.
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