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Circle Stock Pops On Q2 Earnings: USDC Hits $65.2 Billion In Mainstream Stablecoin Adoption
CircleCircle(US:CRCL) Benzingaยท2025-08-12 18:37

Core Insights - Circle Internet Group, Inc. (CRCL) reported strong second-quarter financial results in its first earnings report as a publicly traded company, leading to a rise in stock price [1] Financial Performance - As of June 30, Circle's USDC stablecoin reached $61.3 billion in circulation, with further growth to $65.2 billion by August 10, marking approximately 90% year-over-year growth [2][3] - On-chain USDC transaction volume grew 5.4 times year-over-year to nearly $6 trillion in Q2, with July alone seeing $2.4 trillion in transactions [3] Market Demand and Infrastructure - The CEO highlighted the increasing demand for stablecoin-based finance across various industries, supported by the launch of the Circle Payments Network and Arc, a new blockchain designed for stablecoin finance [4][5] - The company is positioned at a pivotal moment for mainstream adoption of stablecoins, with a focus on building the necessary infrastructure to support major financial firms and enterprises [5][6]