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Circle Internet Group (CRCL) shares jumped nearly 8% Tuesday as its first financial report since its initial public offering (IPO) came in better than expected on growing use of the USDC stablecoin.
Circle Internet Group (CRCL 6.48%) stock surged 850% after its IPO, and now investors are wondering: Is this the future of regulated digital money or just another crypto hype cycle? With new U.S. laws backing stablecoins and Wall Street divided, here's what you need to know before making your move.
Shares of Circle Internet Group (CRCL 6.61%), the June IPO stock and issuer of USD- and Euro-denominated stablecoins, surged 7.1% through 9:50 a.m. ET after Circle reported its first financial results as a publicly traded company this morning.
Circle CEO Jeremy Allaire on Tuesday said the crypto company has increased its USDC stablecoin circulation 90% year over year and that its growth is "accelerating."
ON Holding (ONON) continues to muscle strength in the shoe space despite an EPS miss. Sam Vadas notes its revenue beat and momentum in China as strong spots.
Circle stock jumped 22% in premarket trading on Tuesday, after the company reported a strong quarter and some encouraging news around stablecoins. This was Circle's first earnings report since its IPO in July, and it managed to beat revenue expectations, which has investors feeling pretty optimistic.
Circle Internet Group (NYSE:CRCL) shares jumped before Tuesday's opening bell as it delivered a revenue beat for its first quarter as a publicly traded company. The financial technology company reported that its total revenue and reserve income grew 53% year-over-year to $658 million, exceeding analyst estimates of approximately $646 million.
Circle stock jumped after the stablecoin issuer topped revenue views. USDC adoption grows, Circle expands offerings.
Jeremy Allaire, Circle co-founder, chairman and CEO, joins 'Squawk Box' to discuss the company's quarterly earnings results, state of crypto, future of stablecoins, and more.
Circle Internet's stock is up after it reported a wider-than-expected loss but beat analysts' revenue estimates.