"Stablecoin's First Stock" Circle's Performance Fully Surpassed Expectations, Stock Price Once Rose Over 20%

LootboxPhobia · 2026-02-26T06:47:13+00:00

Circle Internet Group's latest quarterly performance exceeded expectations, with USDC circulation increasing by 72% to $75.3 billion, revenue up 77% year-over-year to $770 million, and net profit reaching $133 million. Thanks to the strong performance, Circle's stock price rose over 20%. The company plans to diversify its revenue streams and forecasts a 40% growth in USDC circulation in the future.

LootboxPhobia

2026-02-26 06:47:13

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Cailian Press, February 25 (Editor Zhao Hao) “The first stablecoin company” Circle Internet Group, Inc. announced its latest quarterly results, which exceeded market expectations across the board, while its stablecoin USDC circulation surged by 72%, reaching $75.3 billion.

The report shows that in Q4 2025, Circle’s revenue was $770 million, a 77% increase year-over-year, surpassing the previous market expectation of $747 million. Net profit was $133 million, up $129 million from the same period last year.

Adjusted EBITDA was $167 million, compared to the market consensus of around $130 million, a 412% increase year-over-year.

Boosted by this, Circle (stock code: CRCL) stock price rose over 20% in early trading. Cryptocurrency concept stocks also gained, with Coinbase, a Circle partner, up about 8%, Strategy up nearly 6%, and Robinhood up over 3%.

Circle has signed revenue-sharing agreements with distribution partners including Coinbase to promote USDC adoption. Coinbase also offers rewards to users holding USDC on its platform.

Circle went public last June. As market enthusiasm for stablecoins (digital assets usually pegged 1:1 to the US dollar) soared, coupled with Trump signing a stablecoin regulation bill the following month, its stock price once surged significantly.

Despite revenue and USDC circulation increasing year-over-year, Circle stated on Wednesday that as of December 31, the quarterly reserve asset return rate was only 3.8%. Most of the company’s profits come from interest income generated by U.S. Treasury bonds held in its reserves, which are used to support its stablecoin issuance.

Currently, Circle is increasing investments to diversify its revenue streams. The company expects non-interest income to reach $150 million to $170 million by 2026, higher than analysts’ forecast of $145.2 million.

Circle predicts that USDC circulation will grow by 40% over the next cycle. By 2026, the company expects its revenue margin after distribution costs to reach 38% to 40%.

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