Circle Stock Soars 10.8% on USDC Surge, GENIUS Act

Circle's stock surged 10.8% in pre-market trading on August 12, 2025, reflecting strong investor confidence in the company's recent performance and future prospects.

Circle, a leading stablecoin issuer, reported a 90% year-over-year increase in USDC circulation, reaching $61.3 billion by the end of the second quarter. This significant growth in USDC circulation has been a key driver of Circle's revenue, which jumped 53% year-over-year to $658 million, surpassing analyst estimates. The company's net loss of $482 million was primarily due to non-cash charges related to its initial public offering (IPO).

Circle's CEO, Jeremy Allaire, highlighted the company's stablecoin, USDC, as the fastest-growing major stablecoin over the past year. The circulation of USDC has continued to accelerate, reaching $65.2 billion as of August 10, 2025. This growth has been supported by Circle's strategic initiatives, including the launch of ARC, a new blockchain network for stablecoin finance, which is set to launch in the second half of the year. ARC aims to provide institutions with a fast, predictable, and low-cost way to pay fees on blockchains.

Circle's success is also attributed to the passage of the GENIUS Act, which provides a regulatory framework for digital tokens backed by assets such as the US dollar. This legislation has created a favorable environment for stablecoins, contributing to Circle's growth and investor optimism. The company's reserve income, primarily from short-term Treasury bills backing its stablecoin, increased 50% year-over-year to $634 million, driven by an 86% growth in USDC stablecoin circulation.