《Interpretation: Circle’s Arc Ecosystem and AI Agent Payments Reshape Valuation Logic》(Author: SoSoValue)


According to SoSoValue’s analysis of Circle’s 2026 Q1 financial report, Circle’s 2026 Q1 revenue was $694 million. Although profit performance was pressured by the impact of interest rate cuts, USDC circulation continued to grow steadily, reaching $77 billion. Currently, the Arc ecosystem has become an important valuation variable for Circle. The ARC token was presold to institutions such as BlackRock for $222 million, and Circle’s 25% token allocation will significantly boost future performance. In addition, Circle is also advancing its AI Agent payment network. SoSoValue believes that while Circle’s traditional business profits face pressure from interest rate cuts, the progress of Arc and payment infrastructure shows that it is transforming from a stablecoin issuer into an on-chain financial infrastructure platform. Read more:
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