News with the tag "Circle"

Circle plans to offer 10 million Class A shares at $130 each, a price more than quadruple its June IPO price of $31, as disclosed in a recent SEC filing.

Circle reported $658 million in annual revenue, surpassing analysts' estimates, despite a net loss primarily due to IPO costs, with significant growth in USDC circulation.

The stablecoin market is experiencing significant growth, driven by increased inflows into USDT and USDC, and the passage of the GENIUS Act has played a key role in this expansion.

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Stripe and Circle have launched their own Layer 1 (L1) blockchains, Tempo and Arc respectively, sparking debate in the crypto community about market fragmentation and their potential impact on the industry.

Circle is expanding its presence in South Korea through partnerships with Shinhan Bank and Kakao Pay to integrate USDC stablecoin into traditional banking and mobile payment systems, aiming to accelerate blockchain adoption and mainstream stablecoin usage.

Circle's stock fell 6% in after-hours trading following the announcement of a 10 million share secondary offering, coming two months after its IPO, alongside reporting a $428 million loss for Q2.

Circle, the issuer of the USDC stablecoin, is planning a public offering of 10 million Class A shares to provide liquidity for stakeholders and fund operations, marking a significant event for the crypto industry.

Circle's stock surged 11% pre-market after its first public earnings report, driven by strong USDC demand and revenue growth, despite a net loss due to IPO-related charges.

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