Circle published its second-quarter 2026 earnings on August 5. Total revenue and reserve income came to $701 million, up 7% year over year, while adjusted EBITDA reached $143 million, up 8%. Net income from continuing operations was $48 million, a $530 million improvement from a year earlier. USDC circulation hit $73.3 billion at quarter-end, a 19% annual gain, and on-chain transaction volume reached $14.8 trillion, up 151%. Separately, Circle confirmed that its Arc public blockchain will launch mainnet on September 16, with validators including BlackRock, DTCC, Galaxy, Mastercard, Visa, and Standard Chartered. BlackRock plans to deploy its BUIDL fund on Arc, and DTCC will support tokenization of DTC-custodied assets there. Circle also won final OCC approval to establish Circle National Trust, becoming one of the first stablecoin issuers with a U.S. federal bank charter, and received NYDFS approval for Circle New York Trust. On payments, CPN's 30-day annualized transaction volume rose to $14.7 billion, up 76% quarter over quarter, and connected financial institutions increased to 175, up 29%.
Circle released its second-quarter 2026 financial results on Aug. 5, BlockBeats reported. USDC circulation stood at $73.3 billion at the end of the quarter, up 19% year over year. On-chain USDC transaction volume hit $14.8 trillion in the quarter, a 151% increase from a year earlier.
Financial highlights
The company posted $701 million in total revenue and reserve income for Q2, up 7% year over year. Adjusted EBITDA came in at $143 million, up 8%. Net income from continuing operations reached $48 million, an increase of $530 million compared with the prior-year period.
Arc mainnet launch and validators
Circle also said its Arc public blockchain will go live on Sept. 16. BlackRock, DTCC, Galaxy, Mastercard, Visa and Standard Chartered will serve as network validators. BlackRock intends to deploy its BUIDL fund onto Arc, while DTCC will support tokenization of DTC-custodied assets on the network.
Bank charters and trust companies
On the regulatory side, Circle received final approval from the OCC to establish a national trust bank, Circle National Trust. That makes it one of the first stablecoin issuers to hold a U.S. federal bank charter. NYDFS also approved the creation of Circle New York Trust.
Payments network momentum
Circle Payments Network (CPN) saw its annualized transaction volume over the past 30 days rise to $14.7 billion, up 76% quarter over quarter. The number of connected financial institutions climbed to 175, a 29% quarter-over-quarter gain.
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