Circle reported fourth-quarter revenue of $770.2 million, a 77% increase year-over-year, and delivered EPS of $0.43 versus consensus of $0.25, marking a clear beat on both top and bottom lines. Strong performance was driven by heightened demand for its stablecoin settlement services and growing enterprise adoption.

The stock rose 31% during February and then jumped an additional 55% in a single week as investors reacted to robust earnings, rising stablecoin usage and expectations around corporate blockchain adoption. Optimism around rising transaction volumes and impending regulatory approvals further supported the rally.

USDC circulation climbed 72% to $75.3 billion, reflecting accelerating demand for dollar-pegged stablecoins in areas such as prediction markets and cross-border payments. This expansion underscores Circle’s leading position in the stablecoin market amid growing institutional interest.

Circle introduced its Arc programmable payouts platform to enable automated fund distributions for enterprises and received conditional approval for a national trust bank charter. These developments position the company to expand banking services and deepen integration with corporate clients.