Circle announced its Q1 2026 financial report: revenue reached $694 million, and on-chain trading volume of USDC increased by 263% year-on-year

Circle announced its financial report for the first quarter of fiscal year 2026. The data shows that by the end of the first quarter, the circulation of USDC reached $77 billion, a year-on-year increase of 28%; the on-chain transaction volume of USDC in the first quarter reached $21.5 trillion, a year-on-year increase of 263%. The financial report indicates that Circle's total revenue and reserve income for the first quarter were $694 million, a year-on-year increase of 20%; adjusted EBITDA was $151 million, a year-on-year increase of 24%; net profit was $55 million, a year-on-year decrease of 15%.

In addition, Circle disclosed that its ARC Token presale financing reached $222 million, with a fully diluted valuation of $3 billion, and participating investors include institutions such as a16z crypto, BlackRock, and ARK Invest. The company also announced the launch of the "Agent Stack" infrastructure aimed at AI agent scenarios, including products like Agent Wallets and Agent Marketplace, to support USDC-based AI agent payments and business activities.