Circle reported $701.3 million in combined revenue and reserve income for Q2, a 6.6% increase year-over-year, driven by a 25.2% rise in average daily USDC circulation to $73.3 billion. However, reserve income growth was slower due to a decline in asset yields, with the reserve return rate falling to 3.48%, down 66 basis points from last year, reflecting lower short-term interest rates. Net income improved significantly to $48.2 million from a $482.1 million loss a year earlier, helped by reduced stock-based compensation after Circle's IPO. The company highlighted ongoing costs including $324.6 million in distribution fees to Coinbase and scheduled its Q3 results webcast for November 4.
Circle's Q2 reserve income and USDC circulation growth provide context for readers, with Pluang market data as of Oct 31, 2026 18:21 WIB: Among 50 major cryptocurrencies, 28 rose and 19 fell. Notable movers include LINK at Rp207.265 (+3.22%, 95% Sell), COTI at Rp175 (+2.99%, 66% Buy), and EGLD at Rp60.556 (+2.84%, 61% Buy).
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