Circle releases Q2 2025 financial report: net loss of $482 million, USDC circulation reaches 65.2 billion as of August 10
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最新报道：According to Bijie.com, Circle released its Q2 2025 financial report on August 12th. USDC in circulation increased by 90% year-over-year to 61.3 billion by the end of Q1 2025, and increased by another 6.4% to 65.2 billion as of August 10, 2025. Total revenue and reserve income increased by 53% year-over-year to $658 million. Net loss was $482 million, significantly impacted by $591 million in non-cash expenses related to its initial public offering (IPO). These expenses included: $424 million in stock-based compensation due to vesting conditions in the IPO; and $167 million in increase in the fair value of convertible bonds due to share price appreciation. Adjusted EBITDA increased by 52% year-over-year to $126 million.
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