{"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\" rel=\"nofollow\">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\u2019s financials reveal challenges. The company\u2019s 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\u2019s reduced profitability could be linked to high operational expenses tied to regulatory compliance, unlike Tether\u2019s 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\u2019s 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\u2019s 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 v24.8.1 - 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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