Circle Reports Q1 2026 Financial Results with Significant Growth in USDC Transactions

Circle has released its financial results for the first quarter of the 2026 fiscal year. According to ChainCatcher, the data reveals that by the end of the quarter, the circulation of USDC reached $77 billion, marking a 28% increase year-over-year. Additionally, USDC's on-chain transaction volume soared to $21.5 trillion, reflecting a 263% growth compared to the previous year. The financial report also indicates that Circle's total revenue and reserve income for the first quarter amounted to $694 million, a 20% increase from the previous year. The adjusted EBITDA was reported at $151 million, up by 24%, while net profit stood at $55 million, showing a 15% decline year-over-year. Furthermore, Circle disclosed that its ARC Token presale raised $222 million, with a fully diluted valuation of $3 billion. Notable investors in this round included a16z crypto, BlackRock, and ARK Invest. The company also announced the launch of its 'Agent Stack' infrastructure, designed for AI agent scenarios, which includes products like Agent Wallets and Agent Marketplace to support USDC-based AI agent payments and commercial activities.