Circle shares jump 19% after strong quarterly results and USDC growth
Circle, the issuer of the USDC stablecoin, reported fourth-quarter results that exceeded analysts’ expectations. Following the earnings release, CRCL shares surged more than 19% in pre-market trading.
Earnings per share (EPS) came in at 43 cents for the fourth quarter, compared with a consensus estimate of 16 cents. Net income reached $133.4 million — more than 40 times higher than a year earlier, according to CoinDesk.
Total revenue rose 77% year over year, driven primarily by income from reserves backing USDC. The amount of USDC in circulation increased 72% over the past year, signaling growing demand for the stablecoin.
According to Circle co-founder and CEO Jeremy Allaire, USDC adoption continues to expand as enterprises, developers and institutions integrate digital dollars into payments, treasury operations and onchain financial infrastructure.
Circle’s strong performance highlights the relative resilience of the stablecoin sector, even as the broader crypto market has faced pressure in recent months. Stablecoins are increasingly used not only for crypto trading but also for cross-border payments and business transactions.
After the report, Circle shares traded at around $73.3 in pre-market activity, compared with a previous close of $61.4.
Why it matters
Circle’s results point to a structural shift in the crypto market. Demand for stablecoins appears to be driven less by speculative activity and more by real-world financial use cases. A 72% annual increase in USDC supply suggests an expanding role for digital dollars in global transactions.If the trend continues, stablecoins could become a key driver of institutional blockchain adoption, even during periods of volatility in major crypto assets.
Earlier, we reported that Circle has held informal talks about a potential $5 billion sale to Coinbase and Ripple.
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