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- Circle posts sharp USDC growth as circulation hits $75.3B and on-chain volume surges.
- Quarterly revenue climbs 77% to $770M while adjusted EBITDA and net income strengthen.
- Circle projects multi-year 40% USDC growth as institutional stablecoin adoption expands.
Circle released its fourth-quarter and full-year 2025 financial results on Wednesday. The results show that the company’s USDC circulation experienced rapid growth. The company revealed that the USDC ended the year with a circulation figure of $75.3 billion.
The company’s USDC circulation experienced rapid growth in the fourth quarter. Circle stated that the company’s on-chain transaction volume was $11.9 trillion in the fourth quarter. The figure was 247% higher than the previous year’s figure.
In a report, Circle surpassed internal and external financial expectations in the fourth quarter. The company noted that the revenue and reserve income for the fourth quarter were $770 million. The figure was 77% higher than the previous year’s figure.
Source: Circle
Circle Posts Strong Q4 Despite IPO-Linked Loss
The results show that the company’s adjusted EBITDA was $167 million in the fourth quarter. The company also reported that the results generated a net income of $133 million from continuing operations.
The company’s revenue and reserve income for the fiscal year 2025 were $2.7 billion. The figure was 64% higher than the previous year’s figure.
Circle reported a net loss of $70 million in fiscal year 2025. The company stated that the loss was due to one-time stock compensation related to the initial public offering.
The platform provided its perspective on the trends in its business. The company indicated that there is an increase in the adoption of stablecoins as the regulatory environment is becoming clearer.
The company further indicated that there is an increase in the adoption of stablecoin payments by more institutions.
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Jeremy Allaire, the CEO of Circle, commented on the company’s direction. The CEO stated that blockchain technology, stablecoins, and automation tools are evolving in the same ecosystem.
Circle Outlines Programmable Money Vision and Growth Strategy
The CEO said that programmable money and programmable financial tools will be required for the operation of digital systems on a large scale. The programmable financial tools will be required for the operation of large numbers of automated agents.
Circle indicated several trends in its industry and its company. The company indicated Arc, which is a blockchain infrastructure system currently in testnet.
The Circle Payments Network. The company added the expansion of the Circle Payments Network and the increase in the number of participants in the network.
Circle forecast for its future performance. The company stated a 40% compound annual growth rate in the circulation of USDC for the next several years. The company said that this is based on demand in varying market conditions.
The company’s stock reacted to its earnings announcement. According to Yahoo Finance data, the company’s stock, CRCL, rose by 21% in pre-market trading. The company’s stock is trading at $74.20 as of writing.
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