Overview
- Circle reported Q4 revenue of $770 million, up 77% year over year, with $733 million from reserve income, EPS of $0.43 beating $0.16 estimates, adjusted EBITDA of $167 million, and net income of $133 million.
- USDC in circulation climbed 72% to $75.3 billion as on‑chain transaction volume reached $11.9 trillion, a 247% increase.
- Shares of Circle Internet Group jumped more than 30% on Wednesday following the results, after earlier double‑digit premarket gains.
- Circle secured conditional OCC approval to establish a national trust bank and deepened integrations with partners including Visa, Intuit, and Polymarket.
- The GENIUS Act’s federal framework supported adoption, while analysts flagged interest‑rate sensitivity and Senate CLARITY Act draft language that could limit exchange rewards and yield‑sharing.