Circle Internet Group (CRCL), issued the second largest stableCoin USDC, reported third-quarter net income of $214 milliona year-over-year increase of 202%, as of Wednesday.
Earnings per share (EPS) rose to $0.64, beat expectations of $0.22. Total revenue and revenue reserve more than doubled to $740 million
The New York City-based company reported earnings before interest, taxes, losses and amortization (EBITDA) for the quarter of $166 million, an increase of 78%.
Sharing of CRCL fell 5.57% up to $98.30 on Tuesday and was recently 3.5% lower in pre-market trading.
