Circle Internet Group posted second-quarter earnings of $0.18 per share, beating the $0.16 consensus, while revenue of $701.3 million missed estimates by 5.46%. USD Coin circulation closed June at $73.3 billion, up 19% annually but down from $77.0 billion at the end of March. Arc public mainnet launches September 16 with founding validators including BlackRock, Visa, Mastercard, DTCC and Intercontinental Exchange, while Circle received final OCC approval for its federal banking charter in July. CRCL stock rose 9% in pre-market but remains down 20.2% year-to-date in 2026, as Wall Street turned cautious in July amid concerns over Circle’s cost structure, with roughly 62 cents of every dollar earned leaving the business as distribution costs. Analysts model $773.7 million of third-quarter revenue, requiring a 10% sequential jump.
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