Crypto giant Cirque posts excellent Q4 results, shares rise 21%

Shares of Cirque Internet Group ( CRCL ) rose 21 percent in premarket trading after the company reported strong financial results for Q4 2025.

Driven by faster USDC adoption, Circle's fourth-quarter revenue rose 77% to $770 million, pushing full-year fiscal 2025 revenue to $2.7 billion.

The New York-based company reported quarterly net income of $133 million, while adjusted EBITDA rose 412 percent to $167 million.

These financial gains reflect the expansion of the USDC ecosystem, which saw its circulation increase by more than 72% to $75 billion and quarterly onchain transaction volume explode by 247% to nearly $12 trillion.

«The fourth quarter marked another step in Circle's mission to build an open, programmable Internet financial system infrastructure,» said Jeremy Allaire, co-founder and CEO.

Circle's infrastructure has seen a major expansion with 55 financial institutions enrolled in Circle's payment network, while another 74 are under review.

High-profile corporate mergers have further fueled this growth. Visa has allowed US card issuers to settle in USDC outside of regular banking hours, while Intuit has signed a multi-year deal to embed the stablecoin on its platform.

Circle has also partnered with Polymarket to establish USDC as the primary settlement asset for event-based trading, and Bermuda has announced plans to build the first fully on-chain national economy using Circle's technology.

On the regulatory front, Circle received conditional OCC approval in December to form a national trust bank, a major step toward its June 2025 NYSE debut.

These milestones translated into clear market gains. USDC now holds a 28% share of the dollar-denominated stablecoin market, with the number of wallets holding more than $10 growing by 59% to 6.8 million.