Circle Internet Group (NYSE:CRCL) surged 22% after its Q4 earnings report as the company targets 40% compound annual growth for USDC (CRYPTO: USDC) circulation.
The Earnings Beat
Circle reported Q4 revenue and reserve income of $770 million, driven primarily by reserve income reaching $733 million.
Average USDC in circulation doubled year-over-year to $76.2 billion, though the reserve return rate declined 68 basis points to 3.8%.
USDC circulation ended the year at $75.3 billion, up 72% from the end of 2024. Net income from continuing operations hit $133 million for Q4 compared with $4 million in the prior-year period.
Meanwhile, adjusted EBITDA reached $167 million, a 412% increase from Q4 2024.
CEO Jeremy Allaire said USDC adoption continued expanding globally as more enterprises, developers, and public institutions integrated digital dollars into real-world payments, treasury, and onchain financial workflows.
The Growth Target
Circle issued multi-year guidance targeting a 40% …