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CRCL Circle Internet News Story

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Circle quarterly revenue rises on stablecoin growth

Nov 12 (Reuters) - Circle CRCL.N reported a rise in third-quarter revenue on Wednesday, on the back of higher reserve income through its flagship USDC amid increased circulation of stablecoins.

The company reported total revenue and reserve income of $740 million in the three months ended September 30, compared with $446 million a year earlier.

 (Reporting by Arasu Kannagi Basil and Pritam Biswas in Bengaluru; Editing by Krishna Chandra Eluri)

 ((Pritam.Biswas@thomsonreuters.com;))

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