Circle Surges on $770M Q4 Revenue, 412% EBITDA Growth

Circle's fourth-quarter revenue soared to $770 million, a 77% year-over-year increase, exceeding analyst estimates.

The company's adjusted EBITDA jumped 412% to $167 million, topping expectations by 12%, according to William Blair.

USDC circulation reached an all-time high of $75.3 billion at the end of the year, up 72% from 2024.

Circle CEO Jeremy Allaire attributed USDC's growth to its decoupling from Bitcoin price cycles, driven by payments, treasury management, and financial infrastructure adoption.