Circle Shares Rise 10% on Strong Earnings and Institutional Interest in Arc Blockchain

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Circle's stock climbed 10% in pre-market trading following the release of its latest earnings report. The stablecoin issuer posted earnings that exceeded analyst expectations, though its revenue fell short of forecasts. Circle also announced that its layer 1 blockchain, Arc, has attracted backing from Wall Street institutions. The dual development of a positive earnings beat and growing institutional adoption of Arc appeared to boost investor confidence in the company.

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