Circle: Q2 Earnings Not Good Enough

Description

Summary Circle Internet Group reported strong Q2 revenue, reflecting robust demand for its stablecoin products. Shares have surged since going public a few months ago, but have recently come well off their nearly $300 peak. Despite strong growth, the company trades at a very high valuation compared to partner and crypto peer Coinbase. On Tuesday morning, we received second quarter results from Circle Internet Group ( CRCL ). The stablecoin issuer has seen its shares soar from an IPO price of $31...