Circle Reports Significant Rise in USDC Transaction Volume
- Circle Internet Group’s revenue and reserve income increased by 20% year over year, reaching $694 million in Q1.
- USDC onchain transaction volume surged by 263% to $21.5 trillion compared to the previous year.
- USDC circulation grew by 28%, totaling $77 billion at the end of the quarter.
- Reserve income reached $653 million, bolstered by higher average USDC circulation.
- Circle completed a $222 million ARC Token presale with a valuation of $3 billion.
The increase in USDC transaction volume and circulation significantly contributed to Circle’s financial growth this quarter, alongside strategic product developments such as AI-powered financial infrastructure and ARC Token presale activities.
