Circle releases Q2 financial report: USDC circulation exceeds 65 billion, a year-on-year increase of 90%

ChainCatcher news, according to Businesswire, Circle (NYSE: CRCL) announced its Q2 2025 financial report. At the end of this quarter, the circulation of USDC increased by 90% year-on-year, reaching $61.3 billion; as of August 10, 2025, it further increased by 6.4%, reaching $65.2 billion. Total revenue and reserve revenue grew by 53% year-on-year, reaching $658 million.

Due to non-cash expenses related to the IPO, the net loss was $482 million. Circle completed a $1.2 billion IPO, launched the Circle Payments Network, announced partnerships with Binance, OKX, and others, and plans to launch a Layer-1 blockchain ARC specifically designed for stablecoin finance.