POPA ReconCircle 2nd quarter results and $ARC sale
Circle 2nd quarter results and $ARC sale - Adjusted EBITDA: $143 million (estimated: $139.6 million) - USDC issuance volume: $83 billion (estimated: $88.82 billion) - Total revenue and reserve revenue: $701.3 million (estimated: $712.3 million) - Stablecoin market share: 27% (expected: 27.6%) - Reserve rate of return: 3.5% (expected: 3.49%) - Annual other revenue forecast: $310 million to $330 million (previous forecast: $150 million to $170 million) - Annual RLDC margin forecast: 41.7% to 43.7% (previous forecast: 38% to 40%) Annual other expected revenue increased by $160M more than expect…
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