𝐂𝐢𝐫𝐜𝐥𝐞: 𝐔𝐒𝐃𝐂 𝐕𝐨𝐥𝐮𝐦𝐞 𝐒𝐮𝐫𝐠𝐞𝐬 𝟐𝟔𝟑%, 𝐀𝐝𝐣. 𝐄𝐁𝐈𝐓𝐃𝐀 𝐁𝐞𝐚𝐭𝐬

$CRCL (-5.36%)

📊 𝐑𝐞𝐬𝐮𝐥𝐭𝐬

• Revenue & reserve income: $694M (Est. $714.88M) ❌

• Adj. EBITDA: $151M

• Net income: $55M (-15% YoY)

• USDC in circulation: $77.0B (+28% YoY)

• USDC onchain transaction volume: $21.5T (+263% YoY)

• Revenue less distribution costs: $287M (+24% YoY)

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🎯 𝐆𝐮𝐢𝐝𝐚𝐧𝐜𝐞

• Reaffirmed multi-year USDC circulation CAGR target of 40%

• FY2026 Other revenue: $150M–$170M

• FY2026 RLDC margin: 38%–40%

• FY2026 Adj. operating expenses: $570M–$585M

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📌 𝐊𝐞𝐲 𝐓𝐚𝐤𝐞𝐚𝐰𝐚𝐲𝐬

• ARC token presale raised $222M at $3B FDV

• Prediction and AI agent infrastructure becoming major strategic focus

• USDC represented 63% of stablecoin transaction volume in Q1

• Base and agentic stablecoin transactions continued scaling rapidly

• Meaningful USDC wallets grew 47% YoY to 7.2M

• Operating expenses surged 76% YoY due to IPO-related compensation costs

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💬 𝐌𝐚𝐧𝐚𝐠𝐞𝐦𝐞𝐧𝐭 𝐂𝐨𝐦𝐦𝐞𝐧𝐭𝐚𝐫𝐲

“With the ARC token presale, momentum behind the Arc network, and the launch of our Agent Stack, we are building trusted infrastructure for AI-native economic activity.”