Circle Posts $694M Q1 Revenue as USDC On-Chain Transaction Volume Surges 263%

According to Circle's Q1 2026 earnings report, USDC on-chain transaction volume reached $21.5 trillion in the first quarter, up 263% year-over-year. Circle reported total revenue and reserve earnings of $694 million, representing a 20% increase compared to the same period last year.

The company also disclosed that its ARC Token presale raised $222 million at a fully diluted valuation of $3 billion, with participation from investors including a16z crypto, BlackRock, and ARK Invest. Circle announced the launch of "Agent Stack" infrastructure designed for AI agent scenarios, featuring Agent Wallets and Agent Marketplace to support USDC-based payments and commerce activities.