Circle Q1 revenue reaches $694 million, with a net profit of $55 million

Golden Finance reports that on May 11, Circle announced its fiscal year 2026 first quarter financial results.
Data shows that by the end of the first quarter, the circulation of USDC reached $77 billion, a 28% increase year-over-year;
the on-chain trading volume of USDC in the first quarter reached $21.5 trillion, a 263% increase year-over-year.
The financial report indicates that Circle’s total revenue and reserve income for the first quarter were $694 million, a 20% increase year-over-year;
adjusted EBITDA was $151 million, a 24% increase year-over-year;
net profit was $55 million, a 15% decrease year-over-year.
Additionally, Circle disclosed that its ARC Token pre-sale financing reached $222 million, with a fully diluted valuation of $3 billion,
with participating investors including a16z crypto, BlackRock, ARK Invest, and other institutions.
The company also announced the launch of “Agent Stack,” an infrastructure for AI agent scenarios, including products like Agent Wallets and Agent Marketplace,
to support USDC-based AI agent payments and commercial activities.

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