Circle's Q2 Revenue Surges as USDC Circulation Hits New High

Circle, the USDC issuer, reported its Q2 2026 financials, showing a revenue and reserve income of $701 million, up 7% year over year. The company's USDC circulation increased by 19%, reaching $73.3 billion. Onchain transaction volume surged 151% to $14.8 trillion, while adjusted EBITDA rose 8% to $143 million.

The growth in USDC circulation is a significant indicator of the growing adoption and trust in stablecoins. Circle's revenue increase can be attributed to the expanding use cases and applications of USDC across various industries.

Looking ahead, Circle plans to launch its Arc public mainnet on September 16, which will support privacy, programmable finance, and tokenized real-world assets. Over 100 ecosystem and institutional builders are already participating in this initiative.