$658M Annual Revenue Headline as Circle Unveils Q2 Performance

Circle (NYSE: CRCL), the second-largest stablecoin issuer, reported $658 million in annual revenue in its first quarterly earnings since going public, surpassing analyst estimates of $646 million.

The strong performance follows its $1.2 billion IPO in June and benefits from the US’s new GENIUS Act regulating stablecoins. While Circle posted a $482 million net loss due to IPO costs, it saw revenue jump 53% and USDC circulation rise 90% year-over-year to a $67 billion market value.

CEO Jeremy Allaire hailed the results as a milestone for stablecoin adoption, though shares fell 9.1% after the company announced a 10 million-share equity offering.

Clever Robot News Desk 16^th August 2025