"Total revenue and reserve income reached $694 million, up 20% year over year. USDC onchain transaction volume jumped 263% year over year to $21.5 trillion, while USDC in circulation rose 28% to $77 billion at quarter end. Quarterly performance reflected growth across Circle's reserve income, network activity, and payments infrastructure. Reserve income totaled $653 million, supported by higher average USDC circulation."
"Other revenue reached $42 million, driven by subscription, services, and transaction activity. Total revenue and reserve income rose 20% from a year earlier, but declined from $770 million in Q4 2025 to $694 million in Q1 2026. Adjusted EBITDA increased 24% to $151 million. Circle explained that USDC onchain transaction volume includes native and canonically bridged USDC processed across supported blockchains, excluding Solana."
"The company stated: USDC in circulation of $77.0 billion at quarter end grew 28%; USDC onchain transaction volume in Q1'26 of $21.5 trillion grew 263%. Product activity during the quarter extended beyond core USDC metrics. Circle completed a $222 million ARC Token presale at a $3 billion fully diluted network valuation."
Circle Internet Group reported first-quarter 2026 results with total revenue and reserve income of $694 million, up 20% year over year. Reserve income totaled $653 million, supported by higher average USDC circulation. USDC onchain transaction volume rose 263% year over year to $21.5 trillion, while USDC in circulation increased 28% to $77 billion at quarter end. Other revenue reached $42 million from subscription, services, and transaction activity. Adjusted EBITDA increased 24% to $151 million. Total revenue and reserve income declined from $770 million in Q4 2025 to $694 million in Q1 2026. Circle also completed a $222 million ARC Token presale at a $3 billion fully diluted network valuation.
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