Circle revenue hits $694M as firm unveils AI agent infrastructure

Circle Internet Group (NYSE:CRCL) posted total revenue and reserve income of $694 million for the first quarter of fiscal year 2026, a 20% increase year-over-year.

The growth was supported by a 28% rise in USDC in circulation, which reached $77 billion, and a staggering 263% jump in on-chain transaction volume to $21.5 trillion.

While net income from continuing operations fell 15% to $55 million—reflecting heavy reinvestment into new product lines—adjusted EBITDA grew 24% to $151 million.

The company’s market share remains dominant, with USDC accounting for 63% of all stablecoin transaction volumes during the quarter, according to Visa Onchain Analytics.

A significant portion of the quarter’s momentum centered on Circle’s shift toward autonomous commerce.

The company unveiled "The Agent Stack," a suite of tools including Agent Wallets and an Agent Marketplace designed to allow AI agents to fund and monetize activities using USDC.

This coincides with the publication of the whitepaper for the ARC Token, a native coordination asset that recently raised $222 million in a presale led by a consortium including BlackRock, a16z crypto, and Apollo Funds.

Elsewhere, Circle continues to bridge the gap between decentralized finance and traditional treasury management.

Kyriba has begun embedding USDC capabilities directly into enterprise systems, while USYC has emerged as the world’s largest tokenized money market fund as of May 7, 2026.

Furthermore, the company expanded its Circle Payment Network (CPN) with the launch of Managed Payments, a service allowing financial institutions to facilitate stablecoin transactions without directly managing digital assets.