Circle's quarterly revenue rises as stablecoin circulation accelerates

CRCL•2026-08-05

Higher second-quarter revenue on stronger USDC adoption

Aug. 5 (Reuters) - Circle reported higher second-quarter revenue on Wednesday, helped by increased adoption of its USDC stablecoin as businesses and institutions expanded its use beyond crypto trading.

Demand for stablecoins strengthened during the quarter after renewed Middle East tensions increased market volatility, prompting investors to shift some funds from riskier crypto assets into stablecoins.

Stablecoins are cryptocurrencies designed to maintain a fixed value, usually against the U.S. dollar, with USDC ranking as the world's second-largest dollar-backed stablecoin behind Tether's USDT.

Circle's revenue and reserve income rose 7% to $701.3 million in the quarter ended June 30.

Circle's quarterly revenue rises as stablecoin circulation accelerates

Higher second-quarter revenue on stronger USDC adoption

Related News

Zimmer Biomet tops quarterly estimates, lifts profit forecast on strong implant demand

Insulet falls after lowering 2026 revenue growth forecast

InMode Q2 revenue beats estimates on steady U.S. demand

Orthofix Medical Q2 sales slightly beat estimates

Palmer Square Capital Q2 investment income falls