ARC

Coinbase, Robinhood and Circle are building businesses in stablecoins, payments, lending and prediction markets. Their latest earnings show those efforts are growing, but not yet enough to fully offset weaker crypto trading and margin pressure.

Circle is preparing a broad expansion across emerging and developing markets as demand for digital-dollar payments grows in Southeast Asia, Latin America and the Middle East. The push comes as USDC competes with Tether’s USDT for stablecoin market share and as clearer rules encourage wider adoption.

Circle shares advanced in premarket trading after the stablecoin issuer topped profit expectations despite a slight revenue miss. The company also highlighted growing institutional support for Arc, its layer 1 blockchain network, alongside continued expansion in USDC activity.