Circle Q2 revenue reaches $70.1M, USDC circulation hits $73.3B

ChainCatcher report: Circle Internet Group (NYSE: CRCL) announced its second-quarter 2026 financial results, reporting total revenue and reserve income of $7.01 billion, a 7% year-over-year increase; adjusted EBITDA of $143 million, an 8% year-over-year increase; and net profit of $480 million, an increase of $5.3 billion year-over-year (primarily due to the impact of IPO-related equity compensation in the same period last year). USDC circulation reached $73.3 billion, up 19% year-over-year, with on-chain transaction volume for the quarter totaling $14.8 trillion, up 151% year-over-year. On the business front, Circle received approval from the U.S. Office of the Comptroller of the Currency (OCC) to establish Circle National Trust, a federal trust bank, becoming one of the first stablecoin issuers to hold a federal banking charter. The Arc blockchain will launch its mainnet on September 16, with over ten institutions—including BlackRock, DTCC, Visa, Mastercard, and Standard Chartered—serving as founding third-party validator nodes. BlackRock plans to deploy its BUIDL fund on Arc, while DTCC will advance the tokenization of DTC-held assets. Circle’s payment network (CPN) recorded an annualized transaction volume of $14.7 billion over the past 30 days, a 76% quarterly increase, with 175 institutional partners onboarded, up 29% quarter-over-quarter. Agent Stack now offers over 900 paid services.