Circle posts $482M loss despite USDC growth after IPO
Circle Internet Group, Inc., the issuer of the USDC stablecoin, has posted its first quarterly results since going public in June. Summary Circle posted $658M in Q2 revenue but reported a $482M net loss from IPO-related costs. USDC’s market share grew to 28% as adjusted EBITDA hit $126M. A secondary stock offering has pressured Circle’s … Read more