Circle's Revenue Grows, But IPO Filing Shows Falling Profitability

Circle Internet Financial, the company behind USD Coin (CRYPTO: USDC), is showing a mixed financial picture ahead of its planned public listing, with revenue up by 16%, but profitability down due to higher costs and increased redemptions. What Happened: In a post dissecting the newly filed S-1 prospectus, Matthew Sigel, Head of Digital Assets Research at VanEck, highlighted the disconnect between Circle's topline momentum and its bottom-line performance.

Source: benzinga.com

Related symbols: USDCUSD

2025-04-02 12:38:04 GMT.