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Circle released its Q2 financial report: USDC Circulating Supply reached 65.2 billion coins, total revenue rose by 53%.
On August 12, Circle released its Q2 2025 financial report. As of the end of Q1 2025, the circulating USDC rose by 90% year-on-year, reaching 61.3 billion. As of August 10, 2025, it increased again by 6.4%, reaching 65.2 billion. Total revenue and reserve income rose by 53% year-on-year, reaching 658 million USD.
The net loss was $482 million, primarily impacted by significant non-cash expenses related to the initial public offering (IPO), totaling $591 million, which specifically include: · 424 million USD in stock-based compensation recognized due to IPO meeting vesting conditions; · The fair value of the $167 million convertible bonds increased due to the rise in stock prices.
Adjusted EBITDA rose 52% year-over-year to $126 million.