Circle Internet Group (NYSE:CRCL) reported its first-quarter results for 2026, highlighting a 20% increase in revenue to $694 million and a 24% rise in adjusted EBITDA to $151 million. The company ended the quarter with $77 billion in USDC circulation, up 28% year-over-year, and saw a 263% increase in on-chain USDC transaction volume to $21.5 trillion.
Circle’s CEO Jeremy Allaire noted significant integration of USDC across various platforms, including Meta, DoorDash, and Polymarket, with USDC accounting for 63% of all stablecoin transactions via Visa. The company’s ARC token presale raised $222 million, with a fully diluted network value of $3 billion, aimed at supporting governance and network security for its upcoming Arc network.
Circle’s payments network continued to gain traction, reporting an annualized total payment volume of $8.3 billion, up 17% quarter-over-quarter, and enrolled over 136 financial institutions into its payment products. The firm remains focused on enhancing USDC’s utility amid ongoing regulatory developments in the digital asset space.
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