{"id":154683,"date":"2025-04-04T22:00:02","date_gmt":"2025-04-04T19:00:02","guid":{"rendered":"https:\/\/cryptodnes.bg\/en\/?p=154683"},"modified":"2025-04-04T17:56:37","modified_gmt":"2025-04-04T14:56:37","slug":"circles-financial-report-reveals-notable-profit-drop-amid-regulatory-costs","status":"publish","type":"post","link":"https:\/\/cryptodnes.bg\/en\/circles-financial-report-reveals-notable-profit-drop-amid-regulatory-costs\/","title":{"rendered":"Circle&#8217;s Financial Report Reveals Notable Profit Drop Amid Regulatory Costs"},"content":{"rendered":"<p>The firm has filed a <strong><a href=\"https:\/\/www.theblock.co\/post\/349534\/cranky-old-man-of-stablecoins-kevin-lehtiniitty-warns-of-circles-costly-path-to-ipo-amid-shrinking-profits\" target=\"_blank\">prospectus<\/a><\/strong> with the SEC, marking a major step after abandoning a previous public listing attempt during the last bull market. This move comes as the regulatory climate improves under the Trump administration.<\/p>\n<p>However, Circle&#8217;s financials reveal challenges. The company&#8217;s net income for 2024 was $155.7 million, down from $267.6 million the previous year, despite recovering from a significant loss in 2022. In comparison, Tether reported $13 billion in profits, mainly from U.S. Treasury yields.<\/p>\n<p>Experts suggest Circle&#8217;s reduced profitability could be linked to high operational expenses tied to regulatory compliance, unlike Tether&#8217;s more decentralized approach.<\/p>\n<style>\n    .dark-mode .read-more {background-color: #343a40 !important;}\n<\/style>\n<div class=\"read-more pb-3 pt-3 pt-md-2 px-3 my-4 border bg-light\">\n    <h5 class=\"text-uppercase border-bottom mb-3 pb-1 d-none d-md-block\">READ MORE:<\/h5>\n    <a class=\"article row\" href=\"https:\/\/cryptodnes.bg\/en\/coinbase-seeks-cftc-approval-for-xrp-futures-amid-regulatory-shifts\/\" title=\"Coinbase Seeks CFTC Approval for XRP Futures Amid Regulatory Shifts\">\n        <div class=\"contentRight col-4\">\n            <span class=\"imgContainer mt-0\">\n                <img decoding=\"async\" class=\"image img-defer\" src=\"https:\/\/cryptodnes.bg\/en\/wp-content\/uploads\/sites\/2\/2022\/12\/coin_xrp-continues-drop-big-240x170.jpg\">\n            <\/span>\n        <\/div>\n        <div class=\"contentLeft col-8\">\n            <h4 class=\"title mb-0\">Coinbase Seeks CFTC Approval for XRP Futures Amid Regulatory Shifts<\/h4>           \n            \n        <\/div>        \n    <\/a>\n<\/div>\n<p>One major cost factor is Circle&#8217;s partnership with Coinbase, which required a $908 million payment in 2024 to facilitate USDC circulation. Analysts argue that despite the partnership, Circle lacks a unique edge in the stablecoin space, especially compared to companies like PayPal, which can leverage its existing user base for distribution.<\/p>\n<p>Circle\u2019s strategy also heavily relies on regulatory positioning. As stablecoins become more mainstream, Circle&#8217;s focus on compliance and lobbying could help secure its place in the market. Recent legislation, like the GENIUS Act, could streamline regulation for larger stablecoins, providing clarity and fostering innovation.<\/p>\n<p>Circle\u2019s challenge lies in balancing expansion with financial stability. While the IPO could boost its presence, sustaining profitability amidst high compliance costs and market competition remains uncertain.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Circle is aiming to become the second-largest crypto-focused company to go public in the U.S.<\/p>\n","protected":false},"author":3,"featured_media":32666,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"_lmt_disableupdate":"","_lmt_disable":"","footnotes":""},"categories":[22],"tags":[],"class_list":["post-154683","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-others"],"acf":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v24.4 - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>Circle&#039;s Financial Report Reveals Notable Profit Drop Amid Regulatory Costs<\/title>\n<meta name=\"description\" content=\"Circle is aiming to become the 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