Circle Doubles Revenue Guidance Amidst Arc Token Presale and Mainnet Launch

Circle Internet Group has raised its full-year other revenue guidance to $310-$330 million, more than doubling the prior range. This significant increase is driven by a successful Arc token presale and the upcoming launch of Arc Mainnet on September 16.

The mainnet launch will feature an initial validator cohort that includes major financial institutions such as BlackRock and DTCC, as well as Visa and Mastercard. USDC circulation reached $73.3 billion at the end of the quarter, a 19% year-over-year increase, while average daily circulation hit a record $76.5 billion.

Circle's payments network, CPN, ended Q2 with an annualized total payment volume of $15 billion, surging to $23 billion by July 31. The company also raised its RLDC margin outlook to 41.7%-43.7% and reaffirmed a through-cycle USDC growth CAGR of 40%.