Shares of Circle Internet Group (CRLC) climbed nearly 30% during Wednesday’s trading session after the company delivered fourth-quarter (Q4) 2025 results that comfortably exceeded Wall Street expectations.
The strong earnings report, driven largely by growth in its USDC stablecoin and higher reserve income, pushed the stock to around $79.13 at the time of writing, marking a 29.2% gain over the past 24 hours.
Circle Earnings Soar On USDC ExpansionGrowth in USDC circulation and transaction activity played a central role in the company’s performance. By the end of 2025, USDC in circulation had risen to $75.3 billion, a 72% year-over-year (YoY) increase.
Looking at the full fiscal year, Circle generated $2.7 billion in total revenue and reserve income in 2025, a 64% increase compared with 2024. Despite that top-line growth, the company posted a net loss from continuing operations of $70 million for the year.
By comparison, Circle had recorded net income of $157 million from continuing operations in 2024. On an adjusted basis, EBITDA for the full year rose 104% to $582 million.
CEO’s Long-Term VisionAccording to Allaire, USDC adoption has expanded across enterprises, developers, and public institutions, with digital dollars increasingly used for payments, treasury management, and on-chain financial operations.
The executive also pointed to advancements toward launching the Arc mainnet, rising transaction volume across Circle’s CPN network, and growing traction for the company’s euro-backed stablecoin EURC and tokenized treasury product USYC.
Featured image from DALL-E, chart from TradingView.com
