CoinDesk Nov 12, 2025 at 5:45 PM By CoinDesk Staff
Q3-25 Earnings: Circle's Valuation & Revenue Concentration Problems
Summary Circle Internet Group (CRCL) remains highly dependent on reserve revenues, with 96% of top-line income tied to interest rates. USDC supply has grown rapidly in 2025, outpacing major competitor
USDC-USD|CRCL
Q3-25 Earnings: Circle's Valuation & Revenue Concentration Problems
Summary Circle Internet Group (CRCL) remains highly dependent on reserve revenues, with 96% of top-line income tied to interest rates. USDC supply has grown rapidly in 2025, outpacing major competitor
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