USDC Supply Decline Hits Circle Internet Group Ahead of Earnings

The USDC supply has been dwindling, dropping from nearly $80 billion to $71.9 billion, which will likely impact Circle Internet Group's revenue.

Circle makes money by investing its USDC supply in short-term government bonds, and rising bond yields after the Fed interest rate decision may offset the decline in USDC supply.

Analysts expect Circle's earnings to show a 9% rise in revenue to $717 million in the second quarter, but top analysts have recently lowered their targets for the company.