TechFlow news, August 12 — According to Businesswire, Circle released its second-quarter financial report for fiscal year 2025. The report shows that as of the end of the second quarter, USDC circulation increased by 90% year-over-year to $61.3 billion, while total revenue and reserve income rose 53% year-over-year to $658 million. The net loss for the quarter was $482 million, primarily due to two non-cash expenses related to its initial public offering (IPO).
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