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Circle

All articles tagged with #circle

Circle Raises $222M for Arc to Build Tokenized Operating System
business16 days ago

Circle Raises $222M for Arc to Build Tokenized Operating System

Circle Internet Group raised $222 million in the Arc token presale, valuing Arc at $3 billion on a fully diluted basis. Led by Andreessen Horowitz, with BlackRock, Apollo Funds, ICE and other major investors, Arc is a public blockchain designed for institutional finance and an envisioned multi-stakeholder operating system, with Circle owning 25% of the initial 10 billion tokens, 60% going to builders and users, and 15% held in reserve. Circle says Arc will underpin AI-enabled services on USDC and broader apps, signaling a shift from its pure stablecoin business toward durable, infrastructure-focused revenue.

Circle Advances Q1 2026 with ARC Token and Agent Stack Momentum
business16 days ago

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.

CLARITY Act tweak preserves stablecoin rewards, lifting Circle shares
business22 days ago

CLARITY Act tweak preserves stablecoin rewards, lifting Circle shares

Lawmakers revised the CLARITY Act to bar crypto firms from offering passive stablecoin yields, reserving such returns for traditional banks, while allowing usage-based rewards tied to activity like trading or staking. The compromise is a win for Circle and Coinbase, with Circle up about 16% and Coinbase more than 7% as markets digest the development; Bitcoin hovered near $79–80k. Banks welcomed the move for reducing deposit flight and enabling regulated digital-asset infrastructure, though smaller platforms reliant on high-yield deposits could face pressure.

Bernstein says Circle selloff may overstate risk as Clarity Act targets distributors, not issuers
markets2 months ago

Bernstein says Circle selloff may overstate risk as Clarity Act targets distributors, not issuers

Bernstein argues the recent Circle stock drop tied to proposed stablecoin rules may be overdone, noting the Clarity Act focuses on distributors of stablecoins rather than issuers. Circle earns revenue from its reserve holdings and does not pay direct yields to token holders, a distinction Bernstein says could actually strengthen Circle’s position. The near-term impact is expected to hit intermediaries like Coinbase, while Bernstein remains bullish on Circle and Coinbase due to long‑term stablecoin adoption.

Circle rebounds as markets swing after historic one-day drop
finance2 months ago

Circle rebounds as markets swing after historic one-day drop

Circle stock rebounds after its biggest-ever single-day drop, as a broad market swing drives wide moves across equities and crypto: AMD +7.59%, INTC +7.45%, ARM +17.86%, JD +8.04%, CHWY +13.43% while ONON falls -11.75% and DPRO drops -22.12%; Bitcoin-USD +2.02% and Ethereum-USD +2.27%, illustrating a volatile trading day with numerous double-digit moves across tickers.

Prosecutors warn GENIUS Act could enable stablecoin fraud profits
business3 months ago

Prosecutors warn GENIUS Act could enable stablecoin fraud profits

New York prosecutors say the GENIUS Act, the bipartisan stablecoin bill, falls short on forcing issuers to return stolen funds and could let stablecoin firms like Tether and Circle profit from fraud; they cite the ability to freeze funds and earn interest on reserves, claiming about $1 billion in 2024 profits for each firm and millions currently held frozen, while critics warn it lacks consumer protections.

Bermuda bets on a fully on-chain economy with Coinbase and Circle
policy4 months ago

Bermuda bets on a fully on-chain economy with Coinbase and Circle

Bermuda unveiled a plan, announced at Davos, to transform the island into a fully onchain economy by partnering with Coinbase and Circle to deploy digital asset infrastructure across government, banks, businesses, and consumers. The initiative centers on piloting stablecoin payments (USDC), expanding USDC adoption, and supporting tokenization and digital finance education, with a non-exclusive approach that could attract additional technology partners while lowering costs and broadening access to global finance.

Circle maps a programmable internet of money in its 2026 financial-system report
business4 months ago

Circle maps a programmable internet of money in its 2026 financial-system report

Circle’s 2026 Internet Financial System report argues that regulated, full-reserve digital dollars and open internet-native money protocols will become the backbone of a global, programmable economy, with USDC and Circle at the center as public blockchains evolve into trusted platforms for trillions in value, enabling broader digital-asset markets, global payments, humanitarian finance, and on-chain infrastructure under converging regulatory foundations.

Coinbase Under Senate Spotlight Over Stablecoin Rewards
business4 months ago

Coinbase Under Senate Spotlight Over Stablecoin Rewards

Coinbase is watching a major crypto bill advance toward Senate review, with the central issue being whether platforms can continue offering rewards on stablecoin holdings. Coinbase views those rewards as a core part of its business and may resist strict limits, while some lawmakers want rules that could restrict rewards to banks. Stablecoin rewards underpin a meaningful revenue stream tied to USDC reserves, with about 3.5% yields on certain holdings and Bloomberg data projecting roughly $1.3 billion in stablecoin-related revenue for 2025. Wall Street currently signals a Moderate Buy on COIN with an average target of $361.63, implying about 50% upside.

Circle Shares Decline Amid 10 Million Share Offering
business9 months ago

Circle Shares Decline Amid 10 Million Share Offering

Circle Internet Group's stock fell over 5% after announcing a public offering of 10 million shares, with 2 million offered by the company and 8 million by existing shareholders. Despite the offering, shares rose 1.3% after reporting its first quarterly results, with revenue up 53% driven by stablecoin growth, though the company posted a loss due to IPO-related charges.