Circle Revenue Rises 77% as USDC Tops RLUSD Scale

TLDR Circle reported a 77% increase in total revenue and reserve income for Q4 2025. Circle generated $770 million in revenue, including $733 million in reserve income. USDC circulation reached $75.3 billion, rising 72% year over year. On-chain transaction volume hit $11.9 trillion in Q4, up 247% from last year. Circle posted $133 million in [...]

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