Circle revenue climbs 20 percent on USDC circulation
Circle reported a 20% increase in quarterly revenue to $694 million as USDC circulation rose to $77 billion. Shares gained 2% following the strong results.
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Circle reported a 20% increase in total revenue and reserve income to $694 million during the first quarter. Quarterly USDC circulation rose 28% to $77 billion as investors sought stability during periods of market volatility. The results signal growing institutional adoption of stablecoins as a multi-trillion-dollar market opportunity.
