Circle Internet’s stock surges as investors shrug off a one-time quarterly loss and focus on a big jump in revenue and stablecoins in circulation.

Circle Internet Group shares surged Tuesday as its first financial report since its initial public offering came in better than expected on growing use of the USDC stablecoin.

Circle Internet Group, Inc. (NASDAQ:CRCL) posted stand-out second-quarter financial results on Tuesday in its first earnings report as a publicly traded company.