Circle says it has $1B+ in cash and had $779M in revenue in H1 2023, vs. $772M for all of 2022, as USDC in circulation has fallen to ~$26B from ~$45B in January (Yueqi Yang/Bloomberg)

Yueqi Yang / Bloomberg:
Circle says it has $1B+ in cash and had $779M in revenue in H1 2023, vs. $772M for all of 2022, as USDC in circulation has fallen to ~$26B from ~$45B in January  —  – CEO expects payments, financial firms to push for stablecoins  — USD Coin market cap plunges this year while rival Tether gains