USDC Growth Strengthens Circle’s Business as Investors Reassess Stablecoin Economics
Photo: Crypto Economy
TL;DR Circle generated $701.3 million in revenue and reserve income during the second quarter, while net income reached $48.2 million. Average USDC circulation increased 25% year over year, but reserve income grew only 5% as lower interest rates offset part of the expansion. Stablecoin holders generally do not receive reserve interest directly, creating opportunities for ... Read more
Source: Crypto Economy
