Circle announces financial report, USDC circulation reaches $77 billion

Circle announced its first quarter financial report for fiscal year 2026, with USDC circulation reaching $77 billion, a year-on-year increase of 28%; The on chain transaction volume reached 21.5 trillion US dollars, a year-on-year increase of 263%. The total revenue and reserve income for the first quarter were 694 million US dollars, a year-on-year increase of 20%; Adjusted EBITDA was $151 million, a year-on-year increase of 24%; The net profit was $550 million, a year-on-year decrease of 15%. In addition, Circle disclosed that the ARC Token pre-sale financing reached $222 million, with a fully diluted valuation of $3 billion. The participating parties include a16z crypto, BlackRock, ARK Invest, and others. The company has also launched an AI agent payment infrastructure called "Agent Stack" that supports USDC.