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Circle posts transcript of first-quarter 2026 earnings call

PUBT·05/19/2026 13:55:40
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Circle posts transcript of first-quarter 2026 earnings call
  • Circle’s first-quarter 2026 earnings call drew executives Jeremy D. Allaire, Jeremy Fox-Geen, Heath P. Tarbert, Scott Blair, and analysts from Goldman Sachs, JPMorgan, Citi, Mizuho, Needham, Canaccord, and Clear Street.
  • Management reported USDC circulation of USD 77 billion, up 28% year over year, with onchain USDC transaction volume up 263% to USD 21.5 trillion; total revenue and reserve income rose 20% to USD 694 million, adjusted EBITDA increased 24% to USD 151 million, and adjusted EBITDA margin held at 53%.
  • Circle disclosed a presale of the Arc token that raised USD 222 million at a USD 3 billion fully diluted network value; Fox-Geen said Arc-related financial impacts are excluded from 2026 guidance and token value will be recognized as other revenue when presale obligations are met, with tokens held at zero cost on the balance sheet.
  • Allaire said Arc is designed as a stablecoin-native layer 1 aimed at payments, capital markets, and AI-agent commerce, with Cross-Chain Transfer Protocol volume near USD 50 billion in the quarter and about 60% share of cross-chain traffic; Circle is opening CCTP to other asset issuers.
  • Circle launched its Agent Stack, including Agent Wallets and “nanopayments,” citing USDC as 99.8% of x402 agentic payments; management also highlighted enterprise adoption such as Meta using USDC for creator payouts and DoorDash using USDC for driver payments.


Disclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. Circle Internet Group Inc. published the original content used to generate this news brief on May 19, 2026, and is solely responsible for the information contained therein.