CIRCLE ON THE RUN 🚨
After reporting a $482M Q2 loss (see prior thread), Circle is doubling down with Arc, a blockchain it calls a Layer-1 built around USDC.
But critics say Arc isn’t really decentralized at all. Let’s unpack.
CIRCLE SECOND QUARTER FINANCIALS REVIEW 🚨🧐
Circle’s Q2 2025 results: Revenue jumped 53% YoY to $658M, but the company posted a $482M net loss.
That’s a sharp reversal from a $33M profit in the same quarter last year.
Bad news? Let’s dig in.🧐