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USDC in focus as Circle posts $103.5 million income

Original: usdc

USDC is drawing attention amid a run of developments for the stablecoin. Circle reported $103.5 million in first-half income from continuing operations, while federal bank regulators said cryptocurrency companies can keep paying interest-like rewards. Analysts are also weighing whether USDC can help Coinbase offset falling revenue estimates heading into its Q3 earnings report.

Why now: Circle's latest financial results and regulatory news around stablecoin rewards have put USDC back in the market conversation ahead of Coinbase earnings.

USDCCircleCoinbase

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