Circle Q4 revenue jumps 77% to $770m
- ByStartupStory | February 26, 2026
Circle Internet Group, the issuer of the USDC stablecoin, exceeded Wall Street revenue expectations for Q4, with total revenue rising 77% to US$770 million, according to data from LSEG.
The company’s reserve income increased as USDC circulation grew 72% year-on-year to US$75.3 billion, boosting reserve revenue to US$733 million.
USDC’s growth aligns with recent regulatory developments, such as the GENIUS Act, which provides a federal framework for dollar-pegged stablecoins.
Circle invests the proceeds from its tokens into U.S. Treasuries and deposits, making its income sensitive to Federal Reserve interest rate changes.
CEO Jeremy Allaire noted that rate cuts could foster more adoption and circulation, as high rates tend to slow money velocity.
In December, Circle received conditional approval to establish a national trust bank, potentially integrating digital assets further into the banking system.
The company’s shares rose nearly 30% in afternoon trading after the earnings report.
🔗 Source: Reuters
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