On November 12, Eastern Time, before the market opened, Circle released its latest earnings report. The total revenue and reserve income for
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On November 12, Eastern Time, before the market opened, Circle released its latest earnings report. The total revenue and reserve income for Q3 reached $740 million, a year-on-year increase of 66%; net profit was $214 million, up 202% year-on-year; the USDC in circulation at the end of the quarter reached $73.7 billion, a year-on-year increase of 108%. After the earnings announcement, Circle’s stock price fell more than 12%. Currently, Circle's share price has dropped by more than two-thirds from its historical high, hitting a new low except for the first day of listing. Can the 'first stablecoin stock' still be considered a good buy? Is this a good opportunity to buy on the dip?