Circle Shares Close at $67.12; Q3 Reserve Income Falls 7.5% Year Over Year

Circle Internet Group (CRCL) shares closed at $67.12 on Nov. 11 after trading between $64.96 and $68.90. Volume totaled 7,390,842 shares.

Circle’s third-quarter revenue and reserve income totaled $865 million, up 17% year over year. Average USD Coin (USDC) in circulation rose 8% to $73.3 billion, while on-chain transaction volume increased 49% to $13.9 trillion.

Reserve income was $657.624 million, down 7.5% year over year. Lower average yields reduced reserve income by about $106.5 million from a year earlier, while higher average USDC circulation contributed about $52.8 million toward offsetting the decline. The company’s quarter ended Sept. 30.