Circle Releases Q1 2026 Financial Results: Revenue of $694 Million, USDC On-Chain Transaction Volume Surges 263%

According to Circle’s official announcement, Circle (NYSE: CRCL) released its Q1 2026 financial results, reporting total revenue and reserve income of $694 million, up 20% year-on-year; adjusted EBITDA of $151 million, up 24% year-on-year; and net income of $55 million, down 15% year-on-year—primarily impacted by higher share-based compensation expenses following its IPO. USDC’s quarter-end circulating supply reached $77 billion, up 28% year-on-year, while on-chain transaction volume totaled $21.5 trillion, surging 263% year-on-year and accounting for 63% of the stablecoin market’s total transaction volume.