Circle Stock Surges 16.5% Amid Strong USDC Growth

Circle's stock price surged 16.5% to $103.23 on Thursday, September 3, 2026, after a 66-basis-point yield drop erased 77% of USDC growth's reserve-income benefit.

The company reported a 6.6% increase in quarterly revenue and an 8% rise in adjusted EBITDA to $143.5 million.

Circle's Chief Executive Jeremy Allaire attributed the results to 'the current rate environment and a crypto market that has slowed.'

Allaire noted that recent activity tells a different story, and Circle is looking forward to the Arc public mainnet launch on September 16, which will be its next confirmed catalyst.