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Circle Shares Soar on Boosted Arc Blockchain Revenue Outlook

Guavy AI Editorial Team
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Circle Internet Group Inc.'s shares jumped in premarket trading on August 5 after the company boosted its revenue outlook for Arc blockchain payments offering. The firm roughly doubled its full-year guidance for 'Other Revenue' to $310 million to $330 million, driven by the success of Arc.

The increase is attributed to Circle's efforts to expand its stablecoin issuer business and improve the user experience on its platform. The company's Arc blockchain network is designed for stablecoin payments and financial applications.

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