Circle Q2 revenue falls short of Wall Street estimates
CoinTelegraph·
60-second summary
Circle's Q2 revenue totals $701 million, falling short of Wall Street estimates at approximately $713 million. This shortfall indicates a slower-than-expected growth in the stablecoin market, which has been a key driver of Circle's revenue. The missed estimates may impact investor confidence in the company and its digital currency, USDC.
Stablecoin issuer Circle reported $701 million in Q2 revenue, missing Wall Street estimates of about $713 million.