The average USDC circulation rose 8% in the third quarter, but the circular issuer earned 8% less than its reserves. Low yields outweighed this growth. ARC's $182 million in upfront revenue turned what could have been a revenue decline into a reported 17% gain.
The average USDC circulation rose 8% in the third quarter, but the circular issuer earned 8% less than its reserves. Low yields outweighed this growth. ARC's $182 million in upfront revenue turned what could have been a revenue decline into a reported 17% gain.
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