Circle Q1 Revenue Rises as USDC Transaction Volume Jumps 263%
Circle reported a 20% year-over-year increase in first-quarter revenue and reserve income, reaching $694 million, driven by a 263% surge in USDC onchain transaction volume to $21.5 trillion. This significant growth in USDC activity highlights strong adoption and increased usage across Circle's network. The results underscore Circle's expanding role in the stablecoin market and its positive financial momentum.
Circle reported higher first-quarter revenue and reserve income as USDC activity surged across its network. Total revenue and reserve income reached $694 million, up 20% year over year, while USDC onchain transaction volume rose 263% to $21.5 trillion. USDC Growth Drives Circle Revenue and Reserve Income Circle Internet Group Inc. (NYSE: CRCL) announced on May […]
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