Circle Quarterly Revenue Rises 20 Percent on USDC Demand
Circle reported quarterly revenue of $694 million as investors sought safety in stablecoins. USDC circulation rose 28 percent to $77 billion during the period.
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Circle reported a 20% rise in quarterly revenue and reserve income to $694 million. Growth followed a 28% increase in USDC circulation to $77 billion at the end of the first quarter. Investors shifted to regulated stablecoins as safe havens during geopolitical conflicts and market volatility.
