Circle | Crypto

Ledger names John Andrews as chief financial officer and opens a New York office to expand its US operations and institutional business. Crypto hardware provider Ledger has appointed former Circle executive John Andrews as chief financial officer and opened a New York office as part of its US expansion. Andrews previously led capital markets and investor relations at Circle. According to Friday’s announcement, the New York office is part of a multi-million-dollar investment in Ledger’s US operations and will create dozens of roles across enterprise and marketing teams. It will serve as a hub for the company’s institutional business, including its Ledger Enterprise platform, which provides custody and governance tools for digital assets. The expansion comes as the company says demand is growing from banks, asset managers, custodians and stablecoin issuers seeking secure digital asset infrastructure. Read more

The UK has a unique opportunity to merge the best of the EU’s MiCA framework and the US GENIUS Act, Circle’s Dante Disparte told the House of Lords committee on Wednesday. Circle’s policy chief Dante Disparte told a United Kingdom House of Lords committee that the UK has a chance to build its crypto regime by combining the clarity of the European Union’s Markets in Crypto-Assets Regulation (MiCA) with elements of the new US stablecoin framework. “The model is clear: take the best of both and make it distinctly British,” Disparte said during a Wednesday meeting of the House of Lords Financial Services Regulation Committee. “From Europe, take clarity, definitions, licensing, governance and strong consumer protection from the US and the landmark Genius Act.” Disparte argued that the absence of a regulatory framework will keep stablecoin activity offshore, leaving UK users more exposed and jeopardizing London’s status as a global hub for financial innovation. The meeting was part of the House of Lords’ inquiry in...

Circle’s USD Coin (USDC) has officially unseated Tether’s USDT in transfer volume for the first time in seven years. The shift marks a defining moment for digital assets, cleanly splitting stablecoin leadership into two distinct categories: total supply and transactional velocity. While Tether remains the undisputed heavyweight in the stablecoin market, USDC has become the […] The post Tether still holds more cash, but Circle’s USDC is now moving more of crypto’s money appeared first on CryptoSlate.

Analysts at the investment company said the change was significant because the stablecoin “winner” will be the one people use for everyday transactions. Japanese investment bank Mizuho reported that stablecoin issuer Circle’s USDC overtook Tether’s USDt in transaction volume for the first time since 2019. In a research note released on Friday, Mizuho said it had raised its price target for Circle stock from $100 to $120 after comparing transaction volumes between the two major stablecoins. According to Mizuho, USDC (USDC) had about $2.2 trillion in adjusted transaction volume for the year to date, compared with USDt (USDT) at $1.3 trillion. “The data shows USDC vs. USDT volumes at 64% market share,” said Mizuho. This is a reversal in a long-term trend of USDT volumes surpassing USDC in 2019-2025.” Read more

The USDC issuer's stock is soaring despite a market selloff as stablecoins expand into traditional finance. Meanwhile, Canaan boosts BTC reserves and Wells Fargo eyes crypto services. A selloff in both Wall Street and crypto markets hasn’t slowed Circle’s relentless rise. The stablecoin issuer’s stock has more than doubled since early February, with Bernstein analysts expecting further gains as stablecoins continue expanding beyond crypto’s more speculative use cases. The technology is already moving deeper into traditional finance. UK insurance giant Aon recently piloted stablecoin payments for insurance premiums with Coinbase and Paxos, a move that could make cross-border premium payments faster and more efficient. Elsewhere, Bitcoin (BTC) miner Canaan is taking a contrarian approach to treasury management, increasing its BTC holdings even as many competitors sell. And in traditional finance, Wells Fargo has filed a trademark for crypto-related services, suggesting large banks are still quietly preparing fo...

Circle’s USYC tokenized U.S. Treasury fund has grown to $2.2 billion, surpassing BlackRock’s BUIDL fund as investors increasingly seek onchain yield and collateral.

William Blair said Circle’s recent rally reflects more than macro factors, pointing to USDC resilience and growing recognition of the firm’s stablecoin infrastructure advantage.

Shares of the stablecoin issuer have seemingly decoupled from the broader crypto market, gaining 49% this year and doubling since early February. Circle Internet Financial is among Wall Street’s best-performing stocks so far in 2026, and analysts at Bernstein believe the rally could continue as stablecoin adoption accelerates. In a recent note to clients, Bernstein reiterated its “Outperform” rating on CRCL stock and set a $190 price target, which typically reflects analysts’ expectations for a stock over the next 12 months. Despite a volatile end to 2025, Circle shares appear to have decoupled from the broader cryptocurrency market, which has been under pressure since October following a major leveraged liquidation event. Read more

Stablecoins are decoupling from crypto market cycles as they are increasingly used for digital payments, Bernstein analysts said, which bodes well for USDC issuer Circle.

Circle generated $2.7 billion in FY25 revenue, posting 64% growth, as USDC adoption expanded globally.

Circle's fourth quarter earnings tell a story the company would prefer investors understand through the lens of growth: USDC circulation climbed 72% year-over-year to $75.3 billion, reserve income surged 69%, and adjusted EBITDA quintupled. However, the income statement reveals a different architecture in which the issuer generates yield and immediately bargains most of it away […] The post Circle’s $461M payout shows who captures USDC yield — and it’s not Circle appeared first on CryptoSlate.

The stablecoin issuer reported $770 million in revenue for the final 2025 quarter, beating forecasts as full-year sales rose 64% and USDC circulation topped $75 billion. Stablecoin issuer Circle Internet Group reported stronger-than-expected fourth-quarter earnings on Wednesday, driven by rapid growth in its USDC stablecoin business and expanding payments operations, underscoring continued momentum in an otherwise challenging crypto market. For the quarter ending Dec. 31, 2025, Circle posted revenue of $770 million, a 77% increase from a year earlier, and reported net income of $133.4 million, or 43 cents per share. Analysts expected per-share earnings of 16 cents on revenue of $747 million.  The strong quarter was fueled in part by a 72% year-on-year increase in the circulation of Circle’s US dollar-pegged stablecoin, USDC (USDC), which reached about $75.3 billion by year-end. Read more

Analysts speculated that a large issuer like Circle might be moving reserve assets en masse into the ETF, but data show otherwise.

Polymarket will migrate from bridged USDC on Polygon to Circle-issued native USDC, reducing reliance on cross-chain bridges as prediction markets expand. Circle Internet Group has partnered with Polymarket to transition the prediction market’s settlement infrastructure to native USDC, replacing bridged stablecoin collateral used for trading on its platform. According to Thursday’s announcement, Polymarket currently uses bridged USDC (USDC.e) on Polygon as trading collateral and plans to migrate to Circle-issued native USDC (USDC) over the next few months. Native USDC is issued by Circle’s regulated entities and can be redeemed one-for-one for US dollars, offering a “capital-efficient” and scalable alternative without relying on cross-chain bridges. Cross-chain bridges are protocols that transfer tokens between blockchains by locking assets on one network and issuing corresponding representations on another. However, secure cross-chain communication introduces trade-offs in security, trust or flexibility that ...

Circle has flagged scaling its payments network and institution-focused blockchain as a 2026 priority as companies look to examine how to use stablecoins. Stablecoin issuer Circle Internet Group plans to focus on building more durable infrastructure throughout 2026 to spur greater adoption among companies and institutions. Circle chief product and technology officer Nikhil Chandhok said in a blog post on Thursday that the company is aiming to push Arc, its layer-1 blockchain designed for institutional and large-scale use, from testnet toward production. At the same time, Circle plans to focus on deepening the utility and reach of its tokens, USDC (USDC), EURC, USYC, and its partner-launched stablecoins by expanding to more chains. Read more

Circle’s rising correlation with ether and DeFi exposure drives the re-rating, despite valuation and competition concerns.

Tokenized US Treasuries crossed $10 billion in total value this week, a milestone that confirms the category has moved from proof-of-concept to operational infrastructure. Yet, something happening underneath this achievement is just as important: Circle's USYC has edged past BlackRock's BUIDL as the largest tokenized Treasury product, signaling that distribution rails and collateral mechanics now […] The post How BlackRock just lost control of the $10B tokenized Treasury market to Circle for one simple, mechanical reason appeared first on CryptoSlate.

The fourth-quarter crypto pullback hit ARK ETFs, with Coinbase emerging as the biggest drag on performance. Cathie Wood’s ARK Invest has increased its exposure to crypto-linked equities, adding shares of Coinbase, Circle and Bullish as prices slid across the sector. According to ARK’s daily trade disclosures for Friday, the ARK Innovation ETF (ARKK) purchased 38,854 shares of Coinbase Global Inc., while the ARK Fintech Innovation ETF (ARKF) added another 3,325 shares, acquiring a total of  $9.4 million worth of the exchange shares. Coinbase shares closed down 2.77% on the day at $216.95. ARK added a combined 129,446 shares of Circle Internet Group across ARKK and ARKF, a position worth roughly $9.2 million. The firm also added 88,533 shares of Bullish across the same ETFs, investing about $3.2 million. Circle shares were little changed on the day, slipping 0.03% while Bullish shares declined 2% during the session, closing at $35.75. Read more

Circle CEO Jeremy Allaire says AI agents have no alternative to stablecoins and will conduct everyday activities with the tokens within as little as three years. Within three to five years, billions of artificial intelligence agents that can work without human input will use crypto and stablecoins for everyday payments on behalf of users, says Jeremy Allaire, the CEO of stablecoin issuer Circle. “Three years, five years from now, one can reasonably expect that there will be billions, literally billions of AI agents conducting economic activity in the world on a continuous basis,” Allaire said on Thursday at the World Economic Forum in Davos, Switzerland. Binance co-founder Changpeng Zhao shared a similar view on stage at the WEF on Thursday, saying the “native currency for AI agents is going to be crypto” and will do everything from buying tickets to paying restaurant bills. Read more

At Davos, Jeremy Allaire said Circle's stablecoin functions as shared infrastructure rather than a competitor to banks or card networks. Circle CEO Jeremy Allaire said the company views its dollar-pegged stablecoin as neutral financial infrastructure with network effects, rather than a product meant to compete with existing payment companies. Speaking on CNBC’s Squawk Box during the World Economic Forum at Davos, Switzerland, Allaire said Circle does not view card networks such as Visa or Mastercard as competitors, describing them instead as “significant partners.” According to Allaire, stablecoins are “network effect businesses,” with usage and circulation increasing as more developers and institutions integrate, adding that Circle operates as a “neutral company” that does not compete with banks, payment companies or exchanges. Read more