Circle Earnings Report Looms Amid USDC Supply Decline

Circle Internet Group is set to release its earnings report this week, and analysts are cautious about its prospects.

The company's USDC supply has been declining since reaching a record high of nearly $80 billion in March. The current supply stands at $71.8 billion, the lowest level since February this year.

This decline is a concern for Circle because its business model relies on the growth of USDC supply when short-term government bond yields are rising. However, with USDC supply no longer growing and bond yields increasing, Circle's revenue and profits are expected to be affected.