The Marked Chart Wire · Series of events
Series of events · Circle
Circle reports strong revenue before freezing billions in USDC
Circle detailed its first-half financial results and market share before immobilizing large sums of USDC linked to security incidents.
Updated
The flow in 3 points
- Circle posted $1.4 billion in first-half revenue
- USDC captured 77% of the global market in June
- Circle froze $823 million and $800 million in USDC
What happened, in order
Times are Eastern-
Where it began
Revenue and market share
Circle reported $1.4 billion in first-half revenue, with USDC handling over $36 trillion in activity and holding 77% of the global market in June.
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Turning point
Illicit funds locked
The company immobilized $823 million in USDC tokens identified as illicitly obtained on the blockchain.
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Latest
Binance breach freeze
Circle froze $800 million in USDC connected to a Binance security incident, and its shares declined following the announcement.
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How they connect
Circle first disclosed its strong first-half financial performance and expanding market share. It then moved to immobilize specific amounts of USDC identified as illicit or linked to a security breach at Binance.
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