According to a May 12 report by Yahoo Finance, stablecoin issuer Circle (ticker: CRCL) rose nearly 16% on Monday, trading at $131.76, posting its highest closing price since March 18. Earlier, Circle released its Q1 2026 financial report, with USDC in circulation reaching $77B, up 28% year over year.
Q1 2026 Key Financial Data
According to Circle’s official financial report, the company’s main financial indicators for Q1 2026 are as follows:
USDC in circulation: $77B (up 28% year over year; second only to Tether USDT’s $189B)
Total quarterly revenue: $694 million (up 20%)
Adjusted earnings: $151 million (up 24%)
Circle CEO and co-founder Jeremy Allaire said during the earnings call, “The successful application of the Arc network, including the benefits brought by the ARC token, has created a huge flywheel effect for our stablecoin network and digital assets.”
ARC Token Presale: Raises $222 million, Valuation $3 billion
According to disclosures in Circle’s official financial report, the company raised $222 million through the ARC token presale. ARC is a blockchain-based utility token intended to support transactions within the Arc network. This financing values the Arc network project at $3 billion. Investors in this round include a16z Crypto, as well as a consortium made up of BlackRock, Apollo Global Management, and ARK Invest.
Analyst Price Targets
Based on TipRanks data, all 12 analysts tracking Circle gave CRCL a “Buy” rating, and the Street’s consensus price target is $138.50.
The most bullish analysts include Citigroup analyst Peter Christiansen (12-month target price of $243) and Bernstein analyst Gautam Chhugani (target price of $190).
William Blair analyst Andrew Jeffrey said in a client report that Circle’s stock may “continue to be volatile” in the near term, but noted that it has multiple positive growth catalysts due to its “significant stablecoin trading advantages.” Mizuho Bank analyst Dan Dolev said Circle continues to demonstrate new use cases for stablecoins, expanding the scope of technology applications beyond crypto trading.
FAQ
What were the specific data points and sources behind Circle’s Monday rise for CRCL?
According to a May 12, 2026 report by Yahoo Finance, Circle (CRCL) rose nearly 16% on Monday, to $131.76, its highest closing price since March 18, 2026. It is up 66% year-to-date, with a market cap of about $35 billion.
What are Circle’s core financial metrics for Q1 2026?
According to Circle’s official financial report, Q1 2026 USDC in circulation reached $77B (up 28% year over year), total quarterly revenue was $694 million (up 20%), and adjusted earnings were $151 million (up 24%).
What are the fundraising size, investors, and project valuation for Circle’s ARC token presale?
According to disclosures in Circle’s financial report, the ARC token presale raised $222 million, and the Arc network project is valued at $3 billion. Investors include a16z Crypto, as well as a consortium consisting of BlackRock, Apollo Global Management, and ARK Invest.
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