Circle Internet Group is learning the hard part of being the “stable” part of crypto
TL;DR
Quick Summary
- Circle’s stock is down hard from its 52-week high, but the underlying USDC network kept scaling in 2025.
- In Q3 2025, Circle reported $740M in revenue and reserve income and $73.7B in USDC circulation—big numbers, with real-world adoption signals.
- The 2026 story hinges on balancing USDC growth, partner costs, and the reality that lower rates can mean less reserve income.
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Disclaimer: KAHROS is a financial media and technology company. The Services, including any AI-generated content and articles, are for informational purposes only and do not constitute financial, legal, tax, or investment advice, nor an offer or solicitation to buy or sell any securities. Market information may be time-sensitive, incomplete, or subject to change without notice. We are not a registered broker-dealer or investment advisor. Please refer to our Terms of Service for more details.
