CryptoSlate

USDC redemptions just outpaced mints by $4B, but a massive new token presale is quietly doubling Circle’s revenue outlook

USDC redemptions just outpaced mints by $4B, but a massive new token presale is quietly doubling Circle’s revenue outlookWorldPing

Redemptions exceeded mints, yet circulation rose 19% as lower reserve yield sharpened attention on an undisclosed ARC Token contribution.

This is a short WorldPing brief. The full report was published by CryptoSlate.

Read the full report at CryptoSlate

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Circle Posts $701 Million Q2 Revenue as USDC Activity AcceleratesWorldPing
Bitcoin.com

Circle Posts $701 Million Q2 Revenue as USDC Activity Accelerates

Circle reported stronger second-quarter earnings as USDC circulation and transaction activity expanded. The stablecoin issuer also set a September launch date for Arc, its institutional blockchain network. USDC Volume Jumps 151% to $14.

Brief by WorldPing · Original reporting by Bitcoin.com