TechFlame reported that on August 12, according to Businesswire, Circle released financial results for the second quarter of fiscal year 2025. The report shows that by the end of the second quarter, USDC circulation increased 90% year over year to $61.3 billion, and total revenue and reserve revenue increased 53% year over year to $658 million. The quarter's net loss was $482 million, mainly affected by two non-cash expenses related to initial public

offerings (IPOs).