The stablecoin company had a strong 2025 and is exploring a token launch for Arc, its new Layer 1 blockchain.
Circle’s stock, CRCL, is up 40% over the last two trading days after the company unveiled its Q4 2025 report, showcasing a 64% increase in revenue and 104% growth in earnings year over year (YoY).
The report sent CRCL rallying from $61 per share to $86.25, as the company also shared an 82% increase in total USDC minted and a 59% increase in what it calls “meaningful wallets,” defined as any onchain wallet holding more than 10 USDC.
Circle Q4 and Full Fiscal Year ReportThe stock appears to be pricing in future growth, as the company still posted a net loss of $70 million in 2025, “significantly impacted by $424 million for stock-based compensation.”
The company also touched on its upcoming Layer 1 stablechain, Arc, which launched its testnet in October.
In addition to Arc’s impending mainnet launch, Circle CEO Jeremy Allaire also revealed that Circle is exploring a native token for the Arc blockchain, but did not reveal any further details.
While the earnings report and subsequent rebound offer some relief for shareholders, CRCL is still down 71% from its all-time high of $300, reached shortly after its initial public offering (IPO).
Source: https://thedefiant.io/news/tradfi-and-fintech/circle-stock-jumps-40-on-q4-earnings
