Circle Internet Net Income Rises 202% to $214M, Beats Expectations on EPS
Circle Internet Group (CRCL), issuer of the world’s second-largest stablecoin USDC, reported third-quarter net income of $214 million, a year-over-year increase of 202%, on Wednesday. Earnings per share (EPS) rose to $0.64, beating expectations of $0.22. Total revenue and reserve income more than doubled to $740 million The New York City-based company reported earnings before…