Data: Circle Q2 revenue of $658 million, a year-on-year increase of 53%, exceeding market expectations

ChainCatcher news, Circle Q2 revenue reached $658 million, a year-on-year increase of 53%, consistent with expectations of $647 million, exceeding market expectations;

Among them, reserve revenue was $634 million, a year-on-year increase of 50%, consistent with expectations of $627 million, slightly exceeding expectations;

Other revenue was $23.8 million, a year-on-year increase of 252%, consistent with expectations of $20.3 million, exceeding expectations;

Adjusted EBITDA was $126 million, a year-on-year increase of 52%;

The USDC scale reached $61.3 billion in Q2, a year-on-year increase of 90%, accounting for 28% of the overall stablecoin market, and reached $65.2 billion as of August 10; the reserve return rate was 4.1%, a year-on-year decrease of 103bps.

The company will hold a conference call on August 12 at 8:00 AM Eastern Time, where investors will focus on guidance for the next quarter, how management responds to profit pressures during the interest rate cut cycle, and how the company promotes diversified channel cooperation.

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