Circle Hits $701 Million Q2 Revenue as USDC Usage Soars

Circle reported $701 million in revenue and reserve income for the second quarter of 2026. This figure represents a 7 percent increase compared to the same period last year. The stablecoin issuer also saw its adjusted EBITDA climb to $143 million, marking an 8 percent rise.

The data shows that USDC circulation grew to $73.3 billion, which is a 19 percent increase. Perhaps the most striking metric is the onchain transaction volume. It jumped by 151 percent to reach $14.8 trillion, suggesting that more users and institutions are moving money using the network.

These numbers indicate that demand for the dollar backed stablecoin remains steady despite a crowded market. Investors are now watching for the upcoming launch of the Arc public mainnet, which could define the next phase of growth for the project.

Market watchers will continue to track how these transaction volumes hold up over the coming months. As competition among stablecoin issuers intensifies, Circle appears to be maintaining its position through high usage across various blockchain networks.