Circle stock under pressure as USDC supply falls to $72.4B
- —USDC market cap fell to $72.4B from $76B in September
- —Arc TVL dropped to $525M from a peak of $566M
- —Three-month Treasury yield eased to 4.17% from 4.2%
- —Analysts expect Q3 revenue of $785M, up 6.25% year over year
Why it matters: Circle's revenue hinges on USDC supply and Treasury yields, and both are weakening, pressuring earnings and the stock's valuation.
Source: Invezz