Circle Reports Strong 4th Quarter 2025 Results Driven by Stablecoin Growth

Shares of Circle climbed 21% in premarket trading on Wednesday after the release of its fourth quarter 2025 financial results. The stablecoin issuer reported that USDC circulation surpassed $75 billion by the end of the year. This level reflects a 72% increase from the end of 2024. The advancement highlights the stablecoin's role in providing a dependable option for digital transactions.

Revenue climbed 77% to $770 million in the fourth quarter. The full fiscal year 2025 generated $2.7 billion in revenue. These outcomes stem from the broadening adoption of USDC across financial platforms.

USDC Expansion Drives Key Financial and Strategic Advances

The company achieved net income of $133 million for the quarter. Adjusted EBITDA increased 412% to $167 million dollars. These metrics correspond with the expansion of the USDC network and its growing transaction activity.

Quarterly onchain transaction volume for USDC grew 247% to nearly $12 trillion. This increase demonstrates the stablecoin increasing use in onchain activities. It supports a range of settlement and transfer needs in the digital space.

Jeremy Allaire cofounder and chief executive officer described the quarter as another step forward in the company mission to build the infrastructure for an open programmable internet financial system. The executive team is directing efforts toward enhancing security and efficiency for users worldwide. Such focus has helped attract a growing number of participants to the platform.

Circle added 55 financial institutions to the Circle Payments Network during the quarter. Another 74 institutions currently have applications under review. The enrollments enhance the network ability to facilitate instant and reliable settlements.

Visa enabled US card issuers to settle in USDC outside of standard banking hours. This capability allows for continuous processing in various business scenarios. The integration expands options for users requiring flexible payment solutions.

Intuit signed a multi year agreement to embed USDC across its platform. The deal extends stablecoin access to users in accounting and financial management fields. Circle partnered with Polymarket to make USDC the primary settlement asset for event based trading. Bermuda announced plans to construct the first fully onchain national economy using Circle technology.

Circle obtained conditional approval from the Office of the Comptroller of the Currency in December to establish a national trust bank. The step follows the company listing on the New York Stock Exchange in June 2025. These achievements bolster the firm standing in regulated financial environments.

USDC holds a 28% share of the dollar stablecoin market, with the majority of the market being dominated by USDT. The number of USDC wallets holding more than $10 dollars grew 59% to 6.8 million.