Circle shareholder presses CEO on profit growth
Nov 5, 2026 8:31 PM
USDC transaction volume just exploded by 49% to $13.9 trillion, yet Circle’s profits are failing to keep pace. Even as adoption grows, reserve income fell 8%, proving that massive usage is a vanity metric if interest rates drop. With management refusing to forecast 2027 revenue and relying on token presales to pad the books, the sustainability of the stablecoin model is under fire. If trillions in volume can't drive growth, is Circle just a bank in disguise? What’s your take?
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