Shares of Circle Internet Group Inc. jumped 35%, the most since its high-profile public debut last year, after the company said strong demand for its stablecoin bolstered profit and revenue during the fourth-quarter downturn in digital assets. The amount of Circle’s USDC stablecoin in circulation rose 72% to $75.3 billion from the year-earlier period, while the company noted that its reserve return rate was 3.8% in the quarter ended Dec. 31. Circle earns most of its profit from the interest paid on US gov ...

Circle Pops 30% as USDC Prints an $11.9 Trillion Flex - Moby BREAKING NEWS Circle (CRCL) reported its fourth-quarter earnings after the bell on Tuesday, and it looks like they finally got the break they’ve been waiting for from Wall Street. The USDC issuer’s stock was up almost 30% on Wednesday, hovering around $80 after hitting a low of $49 in early February. Some key highlights from the report include $770 million in total revenue and reserve income (up 77% year-over-year), $75.3 billion in USDC in c ...

The crypto industry, which has been slumping for months, got a jolt of good news when Circle announced earnings on Wednesday morning. The stablecoin issuer revealed its revenue increased by 77% in the fourth quarter compared to a year earlier, sending its shares up 23% in morning trading. Circle’s growth is a sign that demand for stablecoins remains strong despite the broader crypto market’s downturn, as the company reported that the amount of USDC in circulation ticked up about 72% compared to last year. ...

Cross-border B2B payments in 2026 still pose problems that everyone agrees on. Yet the day-to-day barely changes. Cut-off times, intermediaries, manual reconciliation, surprise fees. It’s still all too common for a simple international transfer to turn into a days-long exercise in waiting, chasing, and explaining variance on the ledger. As a matter of fact, the ECB has pointed out that in 2024, one-third of retail cross-border payments took more than one business day to settle, and for nearly one-quarte ...

Stripe has secured agreements with investors to provide liquidity to its employees through a tender offer, valuing the company at $159 billion.Investors such as Thrive Capital, Coatue, and a16z are contributing to this effort, with Stripe also using some of its own capital to buy back shares, the company announcement stated.“After a decade of partnership and seeing their work up close, we believe Stripe has built the premiere financial infrastructure stack for the internet economy, relied on by the fastest ...

Feb 24 (Reuters) - Stripe was valued at $159 billion in a tender offer for employees and shareholders, the fintech firm said ‌on Tuesday, a more than 70% jump from a ‌similar share sale a year earlier. Investors poured $274 billion into startups — the second-highest total on ​record — last year, as U.S. venture funding rebounded strongly, according to Crunchbase data. Most of the funding will come from existing investors, including Thrive Capital, Coatue and Andreessen Horowitz, while the company will ...

This story was originally published on Payments Dive. To receive daily news and insights, subscribe to our free daily Payments Dive newsletter. Stripe’s tender offer on Tuesday to purchase the shares of current and past employees values the payment processing behemoth at $159 billion.  The company said in a press release that most of the funds for the offer are from venture capital firms Thrive Capital, Coatue, a16z and others. Stripe is also purchasing some of the shares. The sale allows Stripe employees ...

A broader sell-off in the payments sector weighed on Remitly.Remitly Global (RELY 5.25%) was among the losers in the fintech sector today as stocks fell broadly in response to a dystopian blog post offering a hypothetical scenario of how AI would disrupt a number of sectors, including financial payments.The panic surrounding that thesis outweighed a bullish analyst note on Remitly that included a price target hike, and the stock finished the day down 5%. Is payments at risk?The hypothetical scenario from Ci ...

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