Circle Internet (CRCL) shares fell about 3% in premarket trading Wednesday after an initial jump after the stablecoin issuer reported second-quarter earnings. While the company topped profit expectations, revenue came in slightly below Wall Street forecasts. Circle posted adjusted earnings of 18 cents a share, beating analysts' consensus estimate of 16 cents, while revenue and reserve income rose 7% from a year earlier to $701 million, missing expectations of $712 million. Net income from continuing operations reached $48 million, topping analysts' estimates of $43 million, while adjusted EBITDA climbed 8% to $143 million. The earnings also offered the clearest update yet on Arc, Circle's blockchain network scheduled to launch its public mainnet on Sept. 16.