Circle Q2 Revenue Hits $701M, USDC Circulation Surges 19% to $73.3B

Circle reports $701M revenue and $48.2M net profit for Q2 2026. USDC supply grows 19% YoY to $73.3B, with on-chain volume up 151%.

Woofun AI reports that Circle delivered $701 million in total revenue for the second quarter of 2026, representing a 7% year-on-year increase, while net profit reached $48.21 million, reversing a prior-year loss of $482.1 million. Adjusted EBITDA climbed 8% to $143.5 million. USDC circulation expanded 19% year-on-year to $73.3 billion, supported by a 151% surge in on-chain transaction volume to $14.8 trillion and a 24% rise in active wallets to 7 million.

The company secured OCC approval for Circle National Trust and NYDFS approval for Circle New York Trust. Arc blockchain mainnet launches September 16, with validation nodes including BlackRock, DTCC, Galaxy, Mastercard, Visa, and Standard Chartered. BlackRock intends to deploy BUIDL funds on Arc, while DTCC will tokenize custody assets. CPN annualized volume hit $14.7 billion, up 76% quarter-on-quarter.