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Circle shares jumped 30% after a strong earnings report.
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Q4 revenue rose 77% year-over-year to $770 million.
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USDC now accounts for nearly 50% of stablecoin transaction volume measured by Visa.
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Onchain USDC volume hit $12 trillion in the quarter, up 250% YoY.
Strong Earnings Drive Market Repricing
Circle Internet Group shares surged roughly 30% to around $80 following a fourth-quarter earnings beat that exceeded analyst expectations.
The company reported $770 million in revenue and reserve income for Q4, marking 77% year-over-year growth. Adjusted EBITDA reached $167 million, topping forecasts, while margins improved as more USDC circulation shifted directly onto Circle’s own platform.
Analysts highlighted revenue-less-distribution-cost margins above 40%, reflecting stronger profitability as Circle reduces reliance on external distribution partners.
USDC Transaction Share Expands Rapidly
CEO Jeremy Allaire said USDC now represents about 50% of stablecoin transaction volume tracked by Visa, up from roughly one-third the prior quarter.
Onchain USDC volume climbed more than 250% year-over-year to approximately $12 trillion in the quarter. Allaire emphasized that stablecoin usage is increasingly tied to payments and financial infrastructure rather than bitcoin price speculation.
Circle is guiding for a 40% compound annual growth rate in USDC circulation over the coming years, positioning itself as a core infrastructure provider in a consolidating stablecoin market.
