Circle’s stablecoin USDC demonstrated significant growth in 2025, according to its latest financial report. The company reported a 72% year-over-year increase in USDC circulation, reaching $75.3 billion. On-chain transaction volume surged 247% to $11.9 trillion, while total revenue and reserve income rose 77% to $770 million.
Circle announced its Q4 and full-year results for 2025, highlighting substantial growth in its stablecoin operations. The company’s report reflects increasing use of its dollar-backed digital asset infrastructure across payments, trading, and digital asset markets.
Circulation of USDC reached $75.3 billion at period end, marking a 72% increase year-over-year. This expansion signals growing demand for the stablecoin in exchanges, decentralized finance, and cross-border payments.
On-chain transaction volume for USDC grew 247% annually to reach $11.9 trillion. This surge indicates the asset’s primary use as a medium for exchange and settlement across multiple supported blockchains.
Total revenue and reserve income for the period was $770 million, a 77% increase from the previous year. Growth was driven by higher USDC usage and reserve income performance from assets held in cash and short-term U.S. Treasury securities.
The company characterized these results as evidence of momentum in internet-native finance. “Momentum is building in internet-native finance, and our Q4 and full year 2025 results show it,” stated Circle in its announcement.
Circle positioned USDC as a core settlement layer for digital commerce and internet-based financial services. Its strategic focus remains on compliant infrastructure for cross-border payments, institutional trading, and tokenized assets.
