WASHINGTON – Circle has reported a massive surge in revenue for the fourth quarter, driven by the increasing popularity of its stablecoin, USDC. Following the news, the company’s shares jumped over 15% in pre-market trading, exceeding analyst expectations. This growth is largely attributed to a favorable regulatory environment, specifically the GENIUS Act signed into law by President Donald Trump last year, which has provided a significant boost to digital assets.
The circulation of USDC rose by 72% compared to last year, reaching $75.3 billion. Consequently, the company’s total revenue climbed to $770 million. Strategic partnerships with industry giants like Visa and Polymarket played a crucial role in this expansion. Furthermore, Circle has received preliminary approval to establish a National Trust Bank Charter, a move aimed at further integrating digital assets into the formal banking system.
Circle generates its profits through secure investments, primarily in U.S. Treasuries. Notably, on-chain transactions via USDC skyrocketed by 247%, reaching a staggering $11 trillion. Financial experts suggest that the global acceptance of stablecoins will continue to provide a competitive edge for companies like Circle in the coming years.
