Shares of Circle Internet Group surged Tuesday on the release of the company’s first quarterly results as a publicly traded entity.
The stablecoin issuer reported a 53% gain in revenue, led by robust growth in stablecoins, despite charges associated with its debut contributing to a second-quarter loss.
Revenue for the same time last year increased from $430 million to $658.1 million.
The share price increased by over 7% during premarket trading.
The stock went public on June 5 and has since risen by around 420%.
Source (CNBC)
