Circle quarterly profit beats estimates on stablecoin growth

Circle shares slump after Q3 earnings despite big jump in revenue

Investors appeared concerned over declining interest rates and rising expenses at the stablecoin giant.

Circle’s Third-Quarter Revenue Increased More Than Estimated

Shares of Circle Internet Group Inc. fell as much as 8.8% as concern that declining interest rates will weigh on future returns overshadowed better-than-expected third-quarter revenue and earnings.

Circle Internet Group stock is sliding despite strong revenue and higher average USDC in circulation

The stablecoin issuer has seen its share price swing wildly since its market debut in June. It just reported its second earnings as a public company.

Circle Internet (CRCL) Net Income Rises 202% to $214M, Beats Expectations on EPS

The shares slid in anticipation of lower U.S. interest rates, which would reduce revenue from reserve assets held to back the second-largest stablecoin.

Circle quarterly profit beats estimates on stablecoin growth

Circle topped Wall Street estimates for third-quarter profit on Wednesday, driven by higher reserve income amid rising USDC circulation, though shares slipped as valuation concerns weighed on growth prospects.Global adoption of stablecoins — digital tokens backed by low-risk assets such as U.S. dollars or T

JPMorgan Raises Circle Outlook After Solid Q3 and Growing Partnerships

TL;DR: JPMorgan upgrades Circle shares to overweight after strong Q3 results. Circle’s expanding partnerships with fintech and blockchain firms boost confidence. Analysts see Circle poised for long-term growth and greater adoption in crypto markets. Circle has captured the attention of Wall Street after reporting a strong Q3, prompting JPMorgan to raise its outlook for the company. The bank cited Circle’s growing partnerships and robust earning…