USDC
USDC in circulation was $73.3 billion at the end of Q2 2026, up 19% from a year earlier.
The numbers
What it is
USDC is Circle's dollar stablecoin, issued through regulated affiliates and natively integrated on 30 public blockchains. It is the core driver of Circle's revenue because the reserves behind it earn interest. Circle also issues EURC, a euro stablecoin, through the same regulated structure.
Why it matters to the stock. Average circulation sets reserve income. Each rise or fall in the reserve return rate changes margins directly, so traders watch circulation and the rate together.
News
Circle and Tereina bring USDC and EURC into SAP Pay for enterprise payments
Circle and Tereina, an SAP-backed financial services company, announced an integration that starts with SAP Cloud ERP and is available to SAP customers through SAP Pay.
Binance invests $100M in Circle and signs a five-year USDC distribution deal
Binance agreed to buy $100 million of Circle Class A common stock in a private placement at a 5% discount to the market price before closing.
Senate blocks CLARITY Act 49-50 on cloture, a setback for the stablecoin yield framework
The Senate rejected cloture on the motion to proceed to H.R.
Circle Q2 2026: revenue and reserve income $701M, up 7%; FY26 other revenue guidance raised
Circle reported Q2 2026 total revenue and reserve income of $701 million, up 7% year over year, with reserve income of $668 million, up 5%, as average USDC circulation grew 25% and the reserve return rate fell 66 basis points to 3.5%.
Standard Chartered launches USDC mint and redeem access for institutional clients
Standard Chartered, working with Circle, now lets eligible institutional clients mint and redeem USDC through one onboarding process without holding direct Circle accounts.
Circle raises $222 million in ARC token presale at $3 billion valuation
Alongside its first-quarter results, Circle said it raised $222 million in a presale of the ARC token for its Arc blockchain at a $3 billion fully diluted network valuation.
Circle jumps 19.9% to $119.53 on CLARITY Act stablecoin yield compromise
Circle shares rose 19.89% to close at $119.53 on May 4 after Senators Thom Tillis and Angela Alsobrooks finalized compromise language on stablecoin yield in the CLARITY Act.
OSL Group and Circle expand USDC access across trading and payments
Hong Kong-listed OSL Group and a Circle affiliate agreed to expand USDC access across OSL's trading and payments platforms.
Compass Point downgrades Circle to Sell, target $77; shares fall 9.9%
Compass Point cut Circle to Sell from Neutral with a $77 price target, down $2.
Circle falls 20% on draft Clarity Act language that could bar stablecoin yield
Circle shares fell about 20% to close at $101 on March 24, their worst session since going public, after a revised draft of the CLARITY Act raised the prospect of a ban on stablecoin yield.
Circle and Sasai Fintech partner to expand USDC use in Africa
Circle's affiliate and Sasai Fintech, a business of Cassava Technologies, agreed to collaborate on expanding USDC adoption and onchain financial infrastructure in Africa.
Circle Q4 2025 revenue rises 77% to $770 million; USDC ends year at $75.3 billion
Circle reported fourth-quarter 2025 total revenue and reserve income of $770 million, up 77% from a year earlier, and net income from continuing operations of $133 million.
Circle and Polymarket agree to move Polymarket settlement to native USDC
Circle and Polymarket announced a partnership under which Polymarket will switch its trading collateral from bridged USDC.e on Polygon to Circle-issued native USDC.
Compass Point upgrades Circle to Neutral from Sell, target $60
Compass Point's Ed Engel raised Circle to Neutral from Sell and set a $60 price target, down from $75.