Tag: $Circle internet

Circle (CRCL.N), beat Wall Street expectations for third-quarter profit on Wednesday, on the back of higher reserve income through its flagship USDC as stablecoin circulation increased.

Circle Internet Group shares jumped Tuesday after reporting its first quarterly earnings as a publicly listed company. While charges related to the stablecoin issuer’s debut contributed to a second-quarter loss, it reported a 53% increase in revenue, driven by strong growth in stablecoins.

CoreWeave(CRWV) and Circle Internet Group(CRCL) have wowed Wall Street since going public earlier this year. Next up in the unicorn parade? Design software start-up Figma, which is planning to raise more than $1.2 billion from a stock sale that could value the company at $19.3 billion.

Stablecoin firm Circle (CRCL.N), is applying to create a national trust bank in the U.S., a major move after its blockbuster IPO valued the company at nearly $18 billion earlier this month.

Circle Internet Group, Inc. (NYSE: CRCL), a global financial technology firm and stablecoin market leader, today announced a strategic collaboration with Fiserv, Inc. (NYSE: FI), a leading global provider of payments and financial services technology solutions, to jointly explore and develop stablecoin-enabled solutions for financial institutions and merchants within the Fiserv ecosystem.

Circle Internet said on Tuesday it was targeting a valuation of up to $6.71 billion on a fully diluted basis in its New York initial public offering, as the stablecoin giant looks to tap into growing optimism around cryptocurrency.