Circle (CRCL) shares rose about 10% in premarket trading Wednesday after the stablecoin issuer reported second-quarter earnings that topped profit expectations, even as revenue came in slightly below Wall Street forecasts.
The company posted adjusted earnings of 18 cents a share, beating analysts’ consensus estimate of 16 cents, while revenue and reserve income rose 7% from a year earlier to $701 million, missing expectations of $712 million. Net income from continuing operations reached $48 million, topping analysts’ estimates of $43 million, while adjusted EBITDA climbed 8% to $143 million.
USDC, Circle’s dollar-backed stablecoin, continued to expand. Circulation reached $73.3 billion at the end of June, up 19% from a year earlier, but down from its 2026 peak of nearly $80 billion. Onchain transaction volume surged 151% to $14.8 trillion during the quarter.
“Our quarterly financial results reflect the current rate environment and a…
