Shares of Circle Internet Group (CRCL) soared 21% in premarket trading on Wednesday after the firm reported strong financial results in Q4 2025.
Driven by rapid USDC adoption, Circle’s fourth-quarter revenue jumped 77% to $770 million, pushing full-year fiscal 2025 revenue to $2.7 billion.
The New York-based company achieved $133 million in quarterly net income, while adjusted EBITDA skyrocketed 412% to $167 million.
These financial gains mirror the scaling of the USDC ecosystem, which saw circulation climb 72% to over $75 billion and quarterly onchain transaction volume explode by 247% to nearly $12 trillion.
“The fourth quarter marked another step forward in Circle’s mission to build the infrastructure for an open, programmable internet financial system,” said Jeremy Allaire, co-founder and chief executive.
Circle’s infrastructure saw major expansion as 55 financial institutions enrolled in its Circle Payments Network, with another 74 currently under review.
High-profile enterprise integrations further solidified this growth. Visa enabled US card issuers to settle in USDC outside of standard banking hours, while Intuit signed a multi-year agreement to embed the stablecoin across its platform.
In addition, Circle partnered with Polymarket to establish USDC as the primary settlement asset for event-based trading, and Bermuda announced plans to build the first fully onchain national economy using Circle’s tech.
On the regulatory front, Circle obtained conditional OCC approval in December to establish a national trust bank, a major step following its June 2025 NYSE debut.
These milestones have translated into clear market gains. USDC now holds a 28% share of the dollar-denominated stablecoin market, with the number of wallets holding over $10 growing 59% to 6.8 million.
