The Latest Breaking News from USDC

Fintech giant Intuit partners with Circle Internet Group in a multi-year deal.

INTU is betting stablecoins can deepen its platform moat, though high multiples leave little room for missteps.

Circle shares slumped as investors focused on weakening reserve yields despite a sharp jump in revenue and USDC supply.

Shares of Circle Internet Group Inc. (NYSE:CRCL) remained under pressure in early trading on Wednesday, despite Tuesday’s reporting of upbeat third-quarter results.

On Wednesday, Cathie Wood-led Ark Invest executed significant trades involving Circle Internet Group Inc. (NYSE:CRCL), Alibaba Group Holding Ltd. (NYSE:BABA), and Tesla Inc. (NASDAQ:TSLA). These trades reflect Ark’s strategic positioning in the market, with notable buys in Circle and Alibaba, and a sell-off in Tesla.

The Dow Jones Industrial Average climbed approximately 0.7% on Wednesday, reaching 48,254.82, while the SP 500 edged up slightly by 0.06% to 6,850.92. Meanwhile, the Nasdaq declined roughly 0.3% to close at 23,406.45.These are the top stocks that gained the attention of retail traders and investors through the day: Cisco…

Circle stock tumbles as rising expenses overshadow the company’s strong Q3 earnings. Here’s why CRCL shares are worth buying on the post-earnings weakness on Wednesday.

Investors appeared concerned over declining interest rates and rising expenses at the stablecoin giant.

Circle Internet Group Inc (NYSE:CRCL) reported financial results for the third quarter before the market open on Wednesday. The transcript from the earnings call has been provided below.