Circle, the stablecoin issuer, reported total revenue and reserve earnings of 694 million dollars for the first quarter, with expectations at 720.8 million dollars.
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Adjusted EBITDA for the first quarter was $151 million, up 23% year-on-year, with the expected value at $137.9 million. Operating income for the first quarter was $45 million, down 52% year-on-year.
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