Stablecoin issuer Circle rises after Q2 revenue beat
** Stablecoin issuer Circle Internet's CRCL.N shares jump 7% to $172.80 premarket
** CRCL's Q2 revenue and reserve income top Wall Street expectations in the maiden quarterly results since going public in June
** Circulation of Circle's USDC - the second biggest stablecoin by market value - grew 90% to $61.3 billion from a year earlier
** “We are seeing accelerating interest in building on stablecoins and partnering with Circle across every significant sector of the financial industry, with major internet companies and commercial engagement all around the world” - CEO Jeremy Allaire
** 8 of 16 brokerages rate the stock "buy" or higher, 5 "hold" and 3 "sell" or lower; median PT $215 - data compiled by LSEG
** As of last close, CRCL stock up 420% since debut on June 5
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