Circle, the issuer of the USDC stablecoin, has released its financial results for Q2 2025 following its public listing. The key financial indicators show significant growth.
Growth of USDC Circulation
At the end of Q2, USDC circulation reached $61.3 billion, a 90% increase from the previous year. By August 10, this figure grew by another 6.4% to $65.2 billion.
Company Financial Metrics
Total revenue and reserve income rose 53% year-over-year to $658 million, while adjusted EBITDA increased 52% to $126 million. However, the company recorded a net loss of $482 million, primarily due to non-cash expenses related to its IPO totaling $591 million.
Key Events and Partnerships
Key corporate highlights for the quarter include a $1.2 billion IPO, the launch of the Circle Payments Network, and the introduction of Arc, an open blockchain technology, along with partnerships with various financial institutions and crypto services. Co-Founder and CEO Jeremy Allaire noted that the IPO marked a turning point for the company and the broader adoption of stablecoins.
Circle's Q2 2025 financial results demonstrate impressive achievements despite the losses, indicating stable growth and adaptation to new market conditions.
