Circle Internet Group shares rose on Tuesday after reporting its first quarterly earnings as a public company, according to CNBC. Circle reported a second-quarter loss due to charges from its public debut but saw revenue climb 53% on strong stablecoin growth. Revenue rose to $658.1 million from $430 million a year earlier. Circle shares rose over 7% in Tuesday's premarket trading and have gained nearly 420% since going public on June 5. CEO Jeremy Allaire cited growing engagement from major financial institutions following the IPO and the passage of the GENIUS Act, which eased U.S. crypto rules. USDC circulation grew 90% year-over-year to $61.3 billion. Stablecoins are cryptocurrencies pegged to the value of another asset, typically the U.S. dollar. Circle projected $75 million to $85 million in other revenue for the rest of 2025 and expects USDC circulation to grow at a 40% compound annual growth rate.
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