Circle Faces Potential Revenue Plunge from Interest-Rate Cut

A 100 basis point interest rate cut from the Federal Reserve could significantly impact Circle, leading to a notable drop in revenue and profitability. According to Dragonfly investor Haseeb Qureshi, this move could reduce Circle’s annualized revenue by $618 million – representing a 23% decline – and its gross profit by $303 million, or a 30% decrease. This reduction would also impact the company’s gross margin by 3.3 percentage points.