CRCL Stock Drops 6% After Hours Even As Circle CEO Doubles Down On 'Big-Tent' Crypto Strategy, Backs Coinbase-Shopify Deal
Written by Ohris M. Greyoon, Blockchain & Crypto Expert
Circle's Support for Coinbase-Shopify Partnership: Circle CEO Jeremy Allaire expressed support for the Coinbase-Shopify partnership that enables retailers to accept USDC payments, highlighting its potential to enhance stablecoin adoption and commerce integration.
Company Performance and Future Plans: Circle reported strong quarterly earnings with a significant increase in USDC circulation and announced plans to launch a new enterprise-focused Layer-1 blockchain called Arc for stablecoin payments and capital markets applications.
About the author
Ohris M. Greyoon
Ohris M. Greyoon holds a Master’s in Computer Science from MIT and has 10 years of experience in blockchain technology and cryptocurrency markets. A pioneer in decentralized finance (DeFi) analysis, he leads Intellectia’s Crypto News, offering cutting-edge insights into digital assets.
