Circle Stock Jumps Double Digits as It Reports 72% Rise in USDC Circulation
Circle’s USDC stablecoin circulation grew 72% year-on-year to $75.3 billion in Q4, with transaction volume rising 247% to $11.9 trillion. USDC’s market capitalization fluctuated early in 2025 but rebounded to nearly $75 billion. Circle’s revenue and reserve income hit $770 million in Q4, a 77% annual increase. Despite strong growth, the company reported a $70 million net loss due to $424 million in stock-based compensation linked to its IPO. Circle's stock surged up to 20% following its earnings report. CEO Jeremy Allaire highlighted plans to align with artificial intelligence developments, focusing on automated, internet-native economic systems and testnet release of Circle Gateway for low-cost, autonomous, cross-chain USDC transactions. Circle’s popularity was high at its NYSE debut in June, but momentum slowed in 2025 due to Federal Reserve rate cuts affecting interest earned on USDC reserves.
