U.S. stock market anomaly | Q2 revenue growth of 53% exceeded expectations, stablecoin leader Circle (CRCL.US) rose more than 11%.

According to the financial news app, on Tuesday, "Stablecoin first stock" Circle (CRCL.US) opened more than 11% higher, at $179.31. On the news front, the company's Q2 performance showed a year-on-year increase of 53% in total revenue and reserve revenue to $658 million, primarily driven by a significant increase in USDC circulation; a net loss of $482 million, mainly impacted by $591 million in non-cash expenses related to the IPO, including $424 million in stock incentive expenses; in terms of performance guidance, management expects a compound annual growth rate of 40% for USDC circulation.