Circle Internet (CRCL) Q3 Earnings Preview: USDC Growth Fueled by Regulatory Tailwinds
Circle Internet Group is set to release its third-quarter earnings, with significant attention on the performance of its USDC stablecoin. Wall Street anticipates $0.22 EPS and $706.7 million in revenue—a notable turnaround from Q2's $4.48 per share loss. Despite an 8.7% YTD decline in share price post-IPO, the company has achieved 53% YoY revenue growth.
Regulatory clarity and increasing institutional adoption are propelling USDC's expansion across payment networks. Circle's strong brand positions it to leverage the $130B stablecoin market, though valuation concerns remain. The upcoming earnings report will indicate whether macroeconomic challenges are impacting the crypto payments revolution.