Circle shares rise as second-quarter revenue jumps 53% on strong stablecoin growth
Circle Internet Group shares jumped Tuesday after reporting its first quarterly earnings as a publicly listed company. While charges related to the stablecoin issuer's debut contributed to a second-quarter loss, it reported a 53% increase in revenue, driven by strong growth in stablecoins. Revenue rose to $658.1 million from $430 million in the same period a year ago. Shares rose more than 7% in premarket trading. The stock has soared nearly 420% since it went public on June 5. "The validatio