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Stock impact report

Why Circle Internet Stock Soared Today [Yahoo! Finance]

Circle Internet Group, Inc. Class A (CRCL) 
Company Research Source: Yahoo! Finance
Shares of Circle Internet Group (NYSE: CRCL) rocketed higher on Wednesday after the stablecoin network operator reported highly impressive growth metrics. By the close of trading, Circle's stock price was up more than 35%. Will AI create the world's first trillionaire? Our team just released a report on the one little-known company, called an "Indispensable Monopoly" providing the critical technology Nvidia and Intel both need. Continue » Image source: Getty Images. Building the internet of money Circle's reserve income surged 69% year over year to $733 million in the fourth quarter. This came despite a series of Federal Reserve rate cuts that drove the fintech company's reserve return rate down by 68 basis points to 3.8%. The gains were driven by 100% growth in the average amount of Circle's flagship stablecoin USDC , in circulation. "The fourth quarter marked another step forward in Circle's mission to build the infrastructure for an open, programmable internet financia Show less Read more
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