Circle Internet Group, Inc. (NYSE:CRCL) shares are trading higher Wednesday after reporting better-than-expected fourth-quarter financial results.
- Circle shares are powering higher. What’s behind CRCL gains?
Double Beat Backed By Surging USDC Growth, Network Expansion
Circle reported earnings per share of 56 cents, beating the consensus estimate of 17 cents. In addition, the company reported revenue of $770.23 million, beating the consensus estimate of $739.44 million.
USDC in circulation reached $75.3 billion at year end, representing 72% year-over-year growth. USDC onchain transaction volume totaled $11.9 trillion in the fourth quarter, up 247% from the prior-year period.
“The fourth quarter marked another …