Back

Circle Reports $740 Million Q3 Revenue and Reserve Income

The stablecoin issuer exceeded expectations, lifting its shares 1% in pre-market trading on November 12.

Summary

No Summary provided as the original text is short

Terms & Concepts
  • Stablecoin issuer: A company that creates digital currencies pegged to stable assets like the U.S. dollar to minimize price volatility.
  • Reserve income: Earnings generated from holding and managing reserves backing a financial product, such as a stablecoin.