Circle Internet Group (NYSE:CRCL) surged 22% after its Q4 earnings report as the company targets 40% compound annual growth for USDC (CRYPTO: USDC) circulation.

The Earnings Beat

Circle reported Q4 revenue and reserve income of $770 million, driven primarily by reserve income reaching $733 million. 

Average USDC in circulation doubled year-over-year to $76.2 billion, though the reserve return rate declined 68 basis points to 3.8%.

USDC circulation ended the year at $75.3 billion, up 72% from the end of 2024. Net income from continuing operations hit $133 million for Q4 compared with $4 million in the prior-year period. 

Meanwhile, adjusted EBITDA reached $167 million, a 412% increase from…

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