Circle Q2 Revenue $701 Million, USDC Circulating Supply Increases 19% Year-Over-Year to $73.3 Billion

TechFlow reports, on August 5, Circle released its Q2 2026 financial report. Total quarterly revenue and reserve income was $701 million, a 7% increase year-over-year; net profit was $48.21 million, a significant improvement from a loss of $482.1 million in the same period last year; adjusted EBITDA was $143.5 million, an 8% increase year-over-year. As of the end of Q2, USDC circulation reached $73.3 billion, a 19% increase year-over-year; on-chain transaction volume was $14.8 trillion, a 151% increase year-over-year; the number of active wallets was 7 million, a 24% increase year-over-year, and the stablecoin market share was 27%.

Regarding full-year guidance, Circle raised its other income expectation from $150 million-$170 million to $310 million-$330 million, which includes Arc token presale revenue; RLDC margin guidance was raised from 38%-40% to 41.7%-43.7%.

Regarding business progress, Circle has been approved by the U.S. Office of the Comptroller of the Currency to establish a national trust bank, and approved by the New York Department of Financial Services to establish a digital asset trust company. The Arc blockchain will launch its public mainnet on September 16, with the first batch of validator nodes including institutions such as BlackRock, The Depository Trust & Clearing Corporation, Galaxy, Mastercard, Visa, and Standard Chartered. Circle Payment Network annualized transaction volume reached $14.7 billion, a 76% quarter-over-quarter increase; Agent payment product Agent Stack has launched, with currently over 900 paid services integrated, and 99.3% of x402 agent payments are settled in USDC.