Circle Posts Strong Q1 as USDC Volume Hits $21.5 Trillion
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- Circle missed revenue expectations in Q1 2026, reporting $694 million in revenue.
- Circle reported rising USDC demand as transaction volume surged to $21.5 trillion.
- Arc secured $222M in funding as Circle expanded deeper into blockchain infrastructure services.
Circle reported higher revenue in the first quarter of 2026 as USDC usage increased across global markets. The company posted $694 million in total revenue and reserve income, up 20% from a year earlier. It said growth came from higher transaction activity and increased demand for blockchain-based dollar settlements.
The firm’s post on X shows USDC circulation increased to $77 billion, up 28% from a year earlier. Onchain transaction volume also climbed to $21.5 trillion, a 263% rise Year-over-Year. However, revenue fell short of analyst expectations, which led to a mixed market response. The figures suggest…
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