Circle’s Q4 Revenue Hits $770M, Surpassing Wall Street Estimates

Circle, the issuer of the USDC stablecoin, reported total revenue of $770 million for the fourth quarter, exceeding Wall Street analyst estimates. This total includes $733 million in reserve income, which surged 77% year-over-year despite a sequential growth slowdown to 3% in Q4. While reserve income remains the primary revenue driver, the overall beat was supported by positive performance in the 'other revenue' segment. These financial results coincide with USDC circulation reaching $75.3 billion and the company's preparations for the Arc mainnet launch. Analysts observe that Circle’s growth continues to align with broader crypto market cycles led by Bitcoin. The latest data underscores Circle's financial resilience and its ability to outperform expectations amid market volatility.