Stablecoin issuer Circle delivered a stellar quarterly report. Revenue and reserve income hit $770 million, beating estimates by 3%. Diluted earnings per share came in at $0.43, a 169% beat against the $0.16 consensus. Shares surged 35% in premarket trading after closing near $61.37, climbing to around $71.
AI Agents Need Programmable Digital Dollars
CEO Jeremy Allaire positioned blockchain, stablecoins, and AI as a converging stack. The internet, he said, is shifting from moving information to moving value. Future economic activity will involve tens or hundreds of billions of AI agents performing payments and treasury functions. Those agents require programmable digital dollars and open infrastructure — exactly what Circle's native internet finance tools (Arc, CCTP, StableFX, Circle Payments Network) deliver via USDC onchain.
USDC Onchain Volume Reaches $11.9 Trillion in Q4
USDC circulation ended the year at $75.3 billion, up 72% year over year. Quarterly onchain transaction volume soared 247% to $11.9 trillion. Reserve income totaled $733 million; net income climbed to $133 million. Adjusted EBITDA jumped 412% to $167 million. Payment volume doubled to $400 billion despite a dip in Bitcoin prices.
Partnerships Expand: Visa Now Supports USDC Settlement
Circle highlighted deals with Visa and Intuit. Visa now enables U.S. issuers to settle in USDC. Meanwhile, Arc's public testnet processed over 166 million transactions with near-perfect uptime.