Circle’s USDC Circulation Tops $65B as Stablecoin Adoption Grows

Main Idea
Circle reported significant growth in USDC circulation and financial performance in Q2 2025, alongside strategic expansions and regulatory advancements.
Key Points
1. USDC circulation grew 90% YoY to $61.3B, reaching $65.2B by August 10, 2025.
2. Circle's Q2 revenue and adjusted EBITDA rose 53% and 52% respectively, though it recorded a net loss of $482M due to IPO-related expenses.
3. Circle launched the Circle Payments Network, attracting over 100 financial institutions, and celebrated the signing of the GENIUS Act for stablecoin regulation.
4. CEO Jeremy Allaire highlighted the IPO as a turning point for Circle and stablecoin adoption, with BitMEX co-founder Arthur Hayes calling it the start of 'stablecoin mania'.
Description
USDC circulation grew 90% YoY to $61.3B, reaching $65.2B in August. Revenue and adjusted EBITDA rose 53% and 52% respectively in Q2. Circle launched Arc blockchain and expanded partnerships post-IPO. Circle, the issuer of the USDC stablecoin, has released its financial results for the second quarter of 2025, marking its first report since going public. At the end of the quarter, USDC circulation reached $61.3 billion, a 90% increase from the previous year. By August 10, this figure had grown by ...
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