Circle Reports Record Growth: USDC Circulation Reaches 75 Billion Dollar Milestone
By Priya Sharma | March 3, 2026
Circle, the issuer of USDC stablecoin, has released its Q4 2025 and full-year financial report, revealing unprecedented growth metrics that underscore stablecoins’ expanding role in the cryptocurrency ecosystem.
Key Growth Metrics
USDC circulation increased 72% year-over-year, surpassing 75.3 billion dollars. The company’s annual revenue climbed to 2.7 billion dollars, driven by the growing adoption of dollar-backed digital currencies for payments, remittances, and DeFi applications.
The broader stablecoin market reached 312 billion dollars in total capitalization, with USDT maintaining 58.87% market share at 183.67 billion, followed by USDC at 24.1%.
US IPO Speculation
Reports indicate that RedotPay, a stablecoin-focused payment company based in Hong Kong, is considering a U.S. IPO with a potential valuation exceeding 40 billion dollars. The company has reportedly engaged major investment banks for the potential offering.
Tether’s Strategic Expansion
Tether has launched USA, a new stablecoin designed specifically for the U.S. market, compliant with federal regulatory frameworks and issued by regulated banking institutions. The product represents Tether’s effort to capture institutional market share in the United States.
Stablecoin investments carry risks including regulatory and counterparty risks. This article is for informational purposes only.
2.7 billion revenue on a stablecoin issuer. circle is literally a bank now and they dont even need a charter
$2.7B revenue from a stablecoin issuer. Circle is basically a digital bank that doesnt need branches or FDIC insurance
tether launching USA specifically for the us market is them admitting usdc was eating their institutional lunch
usdc still at 24% vs usdt at 58% though. tether has a moat in international markets that circle cant touch easily
USDT at 58% vs USDC at 24% is a gap that wont close easily. tether has emerging market distribution that circle cant replicate
USDT dominance in emerging markets is Tethers real moat. Try sending USDC to someone in Nigeria or Turkey. USDT just works better in those ecosystems.
Tether launching USA was inevitable. USDC was eating their lunch with institutional clients who need compliance documentation.
redotpay considering a 40 billion ipo valuation for a stablecoin payments company? 2021 vibes are back