Circle Sees USDC Use Explode Amid AI and Blockchain Convergence
- Circle delivered explosive Q4 growth, showing stablecoins now power real payments, not just crypto trading.
- Jeremy Allaire says AI agents will soon move money online, and they need programmable digital dollars.
- USDC usage surged as onchain volumes jumped 247%, proving it now acts as a core settlement layer.
Circle is accelerating its push to reshape digital finance, signaling a shift toward programmable money and AI-driven economic activity. The company closed Q4 2025 with strong growth across revenue, usage, and onchain transactions.
CEO Jeremy Allaire emphasized that blockchain, stablecoins, and AI are converging into “a reimagined global economic system, built natively on the internet.” He added, “We are entering a world where, in my view, tens or even hundreds of billions of AI agents will interact and perform economic functions over the internet. They’ll need programmable digital dollars and open infrastructure to do it.”
Circle reported $770 million in total revenue and reserve income for Q4 2025, marking a 77% increase year-over-year. This growth stems from higher interest income on reserves and rising global demand for USDC.
Besides revenue, USDC’s circulation expanded to $75.3 billion, up 72% from last year. This surge reflects widespread adoption by individuals, institutions, and platforms using USDC for payments, trading, and treasury operations. Hence, the stablecoin is moving beyond a store of value into a mainstream settlement asset.
Onchain Activity Surges
Onchain usage grew even faster than supply. USDC transaction volume reached $11.9 trillion, a 247% jump year-over-year. Consequently, USDC is increasingly central to crypto markets, DeFi protocols, and cross-border payments.
Additionally, Circle’s infrastructure products gained traction. Its Arc transaction network processed over 166 million transactions since the late-October 2025 testnet launch. Meanwhile, the Circle Payments Network (CPN) showed annualized transaction activity of $5.7 billion. These figures highlight growing real-world adoption by developers and applications alike.
Expanding the Digital Economy
Allaire underlined that these developments are only the beginning. “Arc. CCTP. Circle Payments Network. StableFX. Each one a building block for what comes next,” he said.
Moreover, Circle’s platform expansion into infrastructure beyond issuance demonstrates the company’s ambition to anchor digital finance on open, programmable systems. The strong quarter positions Circle to scale as AI agents and digital dollars increasingly interact across the internet.
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