Reported about 17 hours ago
Circle (CRCL), the stablecoin issuer, is set to release its first quarterly earnings report since its IPO in June, with expectations of a Q2 loss despite significant revenue growth. As the cryptocurrency sector gains momentum due to supportive legislation, investors will focus on USDC circulation and market position. Circle's revenue from stablecoin reserves has surged, with analysts mixed on the stock's future, highlighting competition and rising costs, while others see it as a solid play on increasing stablecoin enthusiasm.
Source: YAHOO