Circle Advances Q1 2026 with ARC Token and Agent Stack Momentum
Circle reported Q1 2026 revenue and reserve income of $694 million (up 20% YoY), net income from continuing operations of $55 million (down 15%), and adjusted EBITDA of $151 million (up 24%). USDC in circulation reached $77 billion (up 28%) with on-chain transaction volume of $21.5 trillion (up 263%). Reserve income was $653 million and other revenue $42 million; total costs rose, while guidance was reaffirmed. Highlights include a $222 million ARC Token presale at a $3 billion fully diluted valuation, progress on the Arc network and the Agent Stack (Circle CLI, Agent Wallets, Agent Marketplace), continued CPN expansion to $8.3 billion in annualized volume, and the April launch of Managed Payments, underscoring Circle’s push into AI-native, programmable finance.