Circle's Q2 revenue reached $658 million, a rise of 53% year-on-year, exceeding market expectations.

Odaily News Circle’s Q2 revenue reached 658 million USD, a year-on-year increase of 53%, exceeding the consensus expectation of 647 million USD. Among this, reserve income (Reserve) was 634 million USD, a year-on-year increase of 50%, slightly exceeding the consensus expectation of 627 million USD. Other income (Other) was 23.8 million USD, a year-on-year increase of 252%, exceeding the consensus expectation of 20.3 million USD. Adjusted EBITDA was 126 million USD, a year-on-year increase of 52%. The scale of USDC reached 61.3 billion USD in Q2, a year-on-year increase of 90%, accounting for 28% of the overall stablecoin market, and reached 65.2 billion by August 10. The reserve return rate was 4.1%, a year-on-year drop of 103 bps. The company will hold a conference call at 8:00 AM Eastern Time on August 12, where investors will focus on guidance for the next quarter, how management will respond to profit pressures during the interest rate reduction cycle, and how the company will promote diversified channel cooperation. According to SoSoValue’s coin stock dashboard data, as of the time of writing, CRCL pre-market rose over 5%. Investors can quickly gain insights into the overall performance of such hot stocks in the zone heat map and view their Coin Hoarding history, executive team, and strategic layout on the stock details page, fully grasping investment opportunities in the “encryption + stocks” crossover field.