Circle's stock hinges on rates ahead of US jobless claims data
- —Thursday's jobless claims data could reshape expectations for the Fed's next rate move
- —Circle earns interest income on USDC reserves, making it sensitive to rate changes
- —In Q1, lower reserve yields partly offset gains from higher average USDC circulation
Why it matters: Jobless claims can shift rate expectations, and Circle's reserve income depends directly on where rates go.
Source: TokenPost