circle11

what's circle?

Circle is a financial technology company that issues USDC, a regulated stablecoin pegged 1:1 to the US dollar, designed to provide stability and liquidity in the cryptocurrency ecosystem. Founded in 2013, Circle enables businesses and individuals to utilize digital currencies and blockchain technology for global payments, trading, commerce, and financial applications. Key features include full reserves backed by cash and short-term US Treasuries, monthly attestations for transparency, and native availability on over a dozen blockchains like Ethereum, Solana, and Base for seamless cross-chain transfers via CCTP. Circle's infrastructure supports institutional adoption, with recent expansions into new networks like Sei and Hyperliquid, and it achieved a landmark IPO in 2025, solidifying its position as a leader in the stablecoin market. The company emphasizes regulatory compliance and innovation, powering trillions in on-chain volume annually.

Snapshot

Circle minted 1B USDC on Solana Jan 14, ranks top TVL on Solana, and partners for adoption.

3H ago
TOKEN ECONOMICS

Minted 1,000,000,000 USDC on Solana on 2026-01-14, bringing the total minted in 2026 to 4,250,000,000 USDC.

12H ago
ONCHAIN METRICS

Ranks as the top application by TVL on Solana, hosting part of approximately $30 billion in total user assets across Solana applications as of January 2026.

ONCHAIN METRICS

USDC represents 0.34% of the M2 money supply.

1D ago
ONCHAIN METRICS

Received 1.35B USDC from Kraken through wallet DTQK7G since October 15, 2025.

PARTNERSHIP

partnered with Securitize and Xiaomi for institutional adoption and mass distribution

3D ago
PARTNERSHIP

Participated as seed round investor in Catena Labs, an AI agent project co-founded by a Circle co-founder who remains on Circle's board.

4D ago
MARKET ACTIVITY

Listed on Lighter perpetual futures trading platform with 10X leverage alongside MSTR and BNMR equity perpetuals.

1W ago
ONCHAIN METRICS

Powers 14+ launchpads and 420k+ tokens with a 20% revenue share per launch.

2W ago
ONCHAIN METRICS

Achieved $4.6B in spot trading volume during Q3 2025, representing 75% quarter-over-quarter growth.

OPINION SPECULATION

IPO is described by industry observers as a potential catalyst for increased institutional investor interest in crypto markets.

TECH EVENT

Launched StableFX in 2025, introducing onchain currency conversion with RFQ execution.

VISIBILITY EVENT

Highlighted by Messari in their 2025 report as a key beneficiary of stablecoin growth alongside USDC and settlement-optimized chains, with stablecoins positioned as the backbone of the onchain system.

TECH EVENT

Launched tokenized gold and silver swaps via USDC.

ONCHAIN METRICS

Grew 0.89% in market capitalization over the past 30 days.

3W ago
PARTNERSHIP

USDC is available on Aptos blockchain as a native or bridged version.

PARTNERSHIP

Partnered with Intuit to integrate USDC capabilities across TurboTax, QuickBooks, and Credit Karma for refunds, remittances, savings, and payments functionality.

FINANCIAL EVENT

Announced Arc Builders Fund.

REGULATORY

Chose France as its European base to build a MiCA-compliant stablecoin platform.

PARTNERSHIP

Acquired Hashnote, an RWA tokenization platform, in 2025.

PARTNERSHIP

Partners with Elliptic for blockchain risk intelligence, enabling network monitoring, anomaly detection, and AML-related controls.

1M ago
FINANCIAL EVENT

Led an $8 million strategic investment in Speed Inc., a payments infrastructure platform using Bitcoin Lightning Network and stablecoins.

VISIBILITY EVENT

Gordon Liao, Head of Research and Chief Economist, will speak at ETHDenver 2026.

PARTNERSHIP

Partnered with Visa to enable stablecoin settlement for US banks using USDC on Solana.

Kalshi launches native USDC support on Sei network for prediction market trading, with deposits and withdrawals available via Circle's CCTP.

Ark Invest buys Circle shares during the market dip.

Circle's stock ticker CRCL receives a banking license. (ID: 2000749849764094320)

The Axelar team reaches full vesting status over 3 years after the $AXL token launch.

Axelar Foundation and $AXL token remain independent under community governance with Common Prefix leading protocol development after the acquisition, as third-party commentary raises concerns about token value without Interop Labs' continued contribution.

Cross-Chain Transfer Protocol (CCTP) now processes more than 50% of all bridged traffic across major bridge providers, while the Interop Labs acquisition deal closes in early 2026.

Circle reports $354.7M quarterly stablecoin revenue with $74B USDC circulation, and discloses $448M in distribution payments to Coinbase confirming substantial revenue share arrangement.

Circle acquires Interop Labs, the core team and intellectual property behind Axelar Network, integrating cross-chain interoperability technology as part of its strategic expansion into onchain finance infrastructure.

Circle's total onchain supply across all products (USDC, USYC, EURC) reaches an all-time high of $78.9 billion.

JPMorgan launches $100M tokenized money-market fund MONY on Ethereum that allows investors to subscribe and redeem using USDC stablecoin through its Kinexys Digital Assets platform.

The US Office of the Comptroller of the Currency grants Circle conditional approval for a national trust bank charter, allowing it to join the US federal banking system alongside Fidelity Digital Assets, Ripple, Paxos, and BitGo.

Circle pilots USDCx, a privacy-preserving version of USDC built on Aleo using zero-knowledge technology that maintains compliance while offering bank-level privacy.

Circle pays 50%+ revenue share to distribution partners according to an analysis comparing its business model to competitors.

Circle reveals a 3-5 year roadmap for Agentic integration planning to support billions of agents using x402 protocol for stablecoin micropayments.

Circle provides grant and ongoing support to Surfcash, a Solana-based stablecoin neobank project using futarchy governance.

CCTP bridge quarterly transfer volume reaches $28.9 billion in Q3 '25, up 6.3x year-over-year.

USYC reaches $1.3 billion market cap, becoming the 2nd largest tokenized money market fund. EURC market cap grows 150% YTD to $367.4 million in December 2025.

The OCC grants Circle conditional approval for a national trust bank charter to establish First National Digital Currency Bank, advancing GENIUS Act compliance and USDC reserve infrastructure.

Circle partners with OpenMind to develop USDC-powered micropayment rails for robots and AI agents, building payment infrastructure for autonomous systems and machine-to-machine transactions.

USYC is the fastest growing tokenized fund over the past month.

Circle mints $500M USDC on Solana. OwlTing joins Circle Payments Network for B2B payments, remittances, and payroll with regulatory coverage across US, EU, and Asia.

Circle expands its regulatory footprint in the UAE and adds Cryptio to its Alliance Program for audit-ready back-office workflows supporting USDC activity and institutional compliance needs.

JPMorgan arranges $50 million U.S. commercial paper issuance and settlement for Galaxy Digital on Solana blockchain using USDC, with Coinbase and Franklin Templeton purchasing the notes, and plans to support additional bond issuances on public blockchains.

Native USDC launches on Starknet, confirmed in meeting with Circle CEO.

Circle CEO Jeremy Allaire states Solana now dominates all other chains in volume as more platforms adopt USDC on Solana as their primary infrastructure.

Felix Protocol lists Circle equity ($CRCL) as a tradeable crypto-equity perpetual contract on Hyperliquid with up to 5x leverage, with approximately $93M in cumulative volume across all Felix Protocol markets.

USDCx launches on Aleo testnet through Circle xReserve, marking the first privacy-preserving stablecoin on an L1 blockchain.

Circle partners with AleoHQ to support privacy and payments solutions with enterprise-grade blockchain data.

BlackRock signed a multi-year exclusive cooperation memorandum with Circle. USDC size stands at $78 billion.

Circle mints $500 million USDC on Solana.

$309.15M in stablecoins transferred to market maker Wintermute by Circle, Bullish, and Coinbase on Solana before FOMC meeting.

Between 2023 and 2025, Circle froze $109 million in crypto assets.

Circle tests privacy preserving wrapped USDC.

Circle collaborates with Sei Network alongside major institutions including BlackRock, Vanguard, Coinbase, and Binance for institutional settlement layer and transaction routing.

Total supply across onchain products grows ~200% since January 2024, and USDCx launches on Aleo Testnet as the first private and programmable stablecoin in partnership with AleoHQ.

Circle employs 900 people with EBITDA per employee at $556k (5× Western Union) and market cap per employee at $23.3M (71× Western Union).

Circle mints $250,000,000 USDC on Solana blockchain.

USDC is now linked between HyperCore and HyperEVM, enabling cross-platform integration.

Circle generates $8.14M in daily revenue, ranking #2 globally behind only Tether at $23.6M.

Circle partners with Bybit on USDC adoption efforts to expand stablecoin usage.

Circle partners with Aleo blockchain to launch USDCx on Aleo Testnet, a privacy-enhanced stablecoin backed 1:1 by USDC via xReserve that enables banking-level privacy with hidden transaction records for institutional settlements and large-value transactions.

Circle completes $1.1B IPO in 2025, making it one of the largest fundraising events in crypto this cycle.

Circle obtains ADGM FSRA Financial Services Permission to operate as a Money Services Provider in the UAE and hires a former Visa executive to lead Middle East operations.

CFTC starts pilot program allowing USDC to be used as derivative collateral alongside Bitcoin and Ether.

Stablecoin supply on Solana increases 200% since start of 2025 with Circle as one of the key drivers alongside Tether, PayPal, and Global Dollar.

Circle partners with Bybit to expand USDC use and liquidity across Bybit's ecosystem.

Circle provides backing to Minara, an AI-powered crypto research and automation platform that aggregates data from DeFi protocols and enables automated trading workflows.

Circle mints $500M USDC on Solana, bringing total USDC minted on the network to $15B since October 11th.

$1.5 billion+ processed by Circle hot wallets on Polygon network in November.

USYC tokenized fund market cap grows 737.7% over the past month. Circle adopts x402 Coinbase agentic payment standard for AI agent onchain payments.

Circle mints $2.25 billion USDC on Solana over the past 7 days.

Strategic partnership with Bybit integrates USDC across spot, derivatives, and payment products with enhanced liquidity and fiat ramps. Bybit joins Circle Arc public beta to develop stablecoin infrastructure and explore cross-chain liquidity solutions.

Circle completes USDC integration with Hyperliquid's HyperCore and HyperEVM, deploying CCTP from Arbitrum with native cross-chain minting capabilities and one-click deposits from CCTP-enabled chains.

China's central bank endorses Circle's position on stablecoins, stating that non-USD stablecoins have no development space.

CCTP V2 launches with discussions of HIP3 and Hyperliquid's potential according to CEO Jeremy Allaire.

Circle builds ARC as an L1 blockchain and pursues dual strategy of stablecoins and infrastructure with products BlockTrust and Reserve, according to CTO Nikhil Chandhok. CTO assesses stablecoins as $20T+ market opportunity and discusses AI agents integration with programmable dollars.

$CRCL token is now listed and tradeable on Based Terminals and Based Mobile App.

Circle Research publishes new paper "Time is Money" developing a model for crosschain capital allocation and applies it to Circle Gateway, demonstrating increased capital efficiency for solvers like Rockaway_X.

Circle mints $750M USDC on Solana across two transactions ($250M and $500M), part of 10B USDC total minted in the past month.

Q3 2025 financial results show Circle with $214 million GAAP net profit, though $153 million consists of non-recurring fair value gains, leaving approximately $61 million in core quarterly earnings.

Aave becomes one of the first to bring USYC into onchain collateral markets through Horizon and holds over $5.8B in USDC deposits.

USDCx launches on Canton Network with CertiK performing security assessment of the bridge infrastructure including onchain Daml smart contract audits and offchain penetration testing.

Circle launches the Circle Foundation to support programs focused on financial resilience and the broader USDC ecosystem.

Native USDC and CCTP go fully live on Starknet Mainnet, bringing unified liquidity and enhanced institutional onboarding capabilities to the Layer 2 network with migration from USDC.e underway.

ARC blockchain is revealed as an agent-focused public chain for CRCL designed for AI agent transactions rather than human users. CRCL token finds demand at IPO price levels.

Circle mints 500 million USDC on the Solana blockchain, reflecting expanded stablecoin activity on Solana's network.

Circle generates approximately $235.22M in revenue over 30 days, ranking second among stablecoin issuers after Tether.