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Circle Q1 Earnings: $21.5 Trillion USDC Volume Fails to Stop 15% Profit Drop as Investors Panic
Circle Internet Group (CRCL) reported a 263% surge in USD Coin (USDC) on-chain transaction volume to $21.5 trillion in Q1 2026, while net income from continuing operations fell 15% to $55 million. The drop in reported profit largely reflects post-IPO stock-based compensation and continued investment in the company’s new Arc network and Agent Stack rather...
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