Circle Reported $667.7 Million in Second-Quarter Reserve Income

Circle recorded $667.7 million in reserve income in the second quarter, compared with $701.3 million in total revenue and reserve income. Reserve income depends on stablecoin balances and returns on reserve assets. At June 30, the amount of USD Coin (USDC) in circulation was $73.3 billion, up 19% from a year earlier. Circle is scheduled to announce third-quarter results Nov. 4, with a webcast at 8 a.m. ET (13:00 UTC). Enna Lee reports on investing and digital-asset markets for TokenPost. Send corrections or tips to info@tokenpost.com.

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