0
Circle reports revenue growth as stablecoin demand rises
May 11, 2026
Posted 2 hours ago by
Circle reported higher quarterly revenue and reserve income on Monday, driven by increased adoption and circulation of its stablecoin.Market volatility and the Middle East conflict pushed investors to rotate out of cryptocurrencies and into stablecoins earlier this year to park capital.The rollout of Europe’s MiCA framework and the passage of the U.S.
GENIUS Act steered users toward regulated digital assets, boosting the adoption of USDC, Circle’s flagship stablecoin and the world’s second-largest by market value after Tether.Circulation of USDC rose 28 year-on-year to 77 billion at the end of the first quarter, while total revenue and reserve income increased 20 to 694 million.
Emirates 24/7
Coverage and analysis from United Arab Emirates. All insights are generated by our AI narrative analysis engine.