Circle Internet Group reported strong Q4 2025 financial results, with total revenue and reserve income surging 77% year-on-year to $770 million, driven by significant demand for its stablecoin, USDC.
USDC in circulation grew by 72% to $75.3 billion, and on-chain volume saw a remarkable 247% increase. The company also highlighted progress on its Arc blockchain network and expansion of its payments network.
Despite increased operating expenses and costs, Circle's Adjusted EBITDA saw a substantial 412% rise. The CEO, Jeremy Allaire, discussed the integration of USDC with agentic economic activity and AI, positioning it as a key medium of exchange for future online transactions.
Regulatory developments, such as the Clarity Act, were noted as potential influences on the market.