By Nate Wolf
Shares of Circle Internet Group spiked Wednesday after the stablecoin company reported better-than-expected quarterly earnings.
Circle, which issues the dollar-pegged USDC coin, reported earnings of 43 cents a share for the fourth quarter, surpassing Wall Street's call for 16 cents, according to FactSet. Revenue and reserve income totaled $770 million, up 77% from last year and above analysts' consensus estimates of $747.4 million.
Circle stock jumped 13% to $69.36 in premarket trading Wednesday. Shares had fallen 23% to start the year as of Tuesday's close of trading.
"USDC adoption continued to expand globally as more enterprises, developers, and public institutions integrated digital dollars into real world payments, treasury, and onchain financial workflows," said CEO Jeremy Allaire.
The company, which earns most of its money on interest from its USDC reserves, saw its stock fizzle after a blockbuster initial public offering last June. Shares have declined 77% from their all-time high of $263.45 on June 23, 2025, according to Dow Jones Market Data.
Write to Nate Wolf at nate.wolf@barrons.com
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(END) Dow Jones Newswires
February 25, 2026 06:42 ET (11:42 GMT)
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