Circle Internet Group Q4 2025 Earnings Call Summary

Performance was driven by a 72% year-on-year growth in USDC circulation to $75 billion, despite a fourth-quarter crypto market correction. Management attributes the 247% surge in onchain volume to the growing velocity and utility of digital dollars, with Circle's share of real economic transaction volume reaching nearly 50%. The strategic pivot toward 'Agentic AI' positions Circle's infrastructure as the primary settlement layer for autonomous software agents requiring low-cost, programmable money. ...