Shares of Circle Internet Group (CRCL) experienced a notable increase of 21% in premarket trading, following the release of strong financial results for the fourth quarter of 2025. This surge is attributed to the rapid adoption of USDC, which propelled Circle’s quarterly revenue to $770 million, marking a substantial 77% increase. As a result, the full-year revenue for fiscal 2025 reached $2.7 billion.
In addition to revenue growth, Circle reported a quarterly net income of $133 million, while adjusted EBITDA soared by 412% to $167 million. These impressive financial metrics reflect the expansion of the USDC ecosystem, where circulation increased by 72% to exceed $75 billion and the transaction volume on the blockchain rose dramatically by 247% to nearly $12 trillion.
What does the expansion of Circle mean for its future? Circle has made significant strides in building a robust infrastructure for an open, programmable internet financial system. In this quarter alone, 55 financial institutions joined the Circle Payments Network, with 74 additional firms currently under review.
Circle’s partnerships have also played a critical role in this growth trajectory. High-profile integrations, such as Visa allowing US card issuers to settle transactions in USDC outside standard banking hours and Intuit embedding the stablecoin into its platform for multiple years, underscore this momentum. Furthermore, collaborations with Polymarket established USDC as the primary settlement asset for event-based trading. The government of Bermuda is also making headlines by planning to create the first fully on-chain national economy using Circle’s technology.
From a regulatory perspective, Circle secured conditional approval from the OCC in December to establish a national trust bank. This milestone comes after its significant debut on the NYSE in June 2025.
Market shares are reflecting Circle’s accomplishments, with USDC capturing a 28% share of the dollar-denominated stablecoin market. Additionally, the number of wallets holding over $10 has surged by 59%, reaching 6.8 million. With these advancements and growing market positions, Circle stands poised for continued success in the evolving landscape of internet finance.