Circle, now a public company, released its Q2 2025 earnings report showing significant growth in USDC adoption:
- USDC circulation reached $61.3 billion, marking 90% year-over-year growth
- On-chain transaction volume hit $5.9 trillion in Q2
- First earnings report as a publicly traded company
CEO Jeremy Allaire emphasized how this milestone demonstrates the increasing convergence of internet and financial systems.
For detailed financial results, visit Circle's investor relations page
“The internet is colliding with the financial system.” - @jerallaire on @CNBC Circle’s Q2 results are a milestone for USDC adoption, and our long-term vision.
We just reported our Q2 2025 earnings, our first as a publicly traded company. USDC in circulation reached $61.3B at the end of Q2, up 90% YoY, with $5.9T in onchain volume during Q2. Read the results here: investor.circle.com
Circle Alliance Program Welcomes Mercuryo as New Member

Circle Alliance Program has partnered with Mercuryo to enhance USDC accessibility and utility: - Mercuryo provides a comprehensive platform for crypto onboarding - Features include global on-ramp tools and Mastercard-powered crypto spending options - Platform aims to help businesses expand user reach - Integration enables real-world USDC applications The partnership follows Circle's recent collaboration with Keychain, which focused on: - Fast and affordable global payments using USDC - Merchant rewards system with near-instant payouts - Cross-merchant unified experience *Learn more about joining the Circle Alliance Program:* [Circle Alliance Program](https://www.circle.com/alliance-program)
Linea Achieves First-Ever Seamless USDC Bridge-to-Native Upgrade

Linea blockchain completed a groundbreaking transition from bridged to native USDC, marking the first seamless upgrade of its kind. Key highlights: - Over $21M instantly upgraded without disrupting users or apps - No liquidity migration or smart contract changes required - CCTP V2 deployment enables unified cross-chain liquidity - Zero friction for end users during transition The upgrade makes Linea the 19th blockchain with native USDC support, offering: - Direct 1:1 USD redemption for institutional users - Faster cross-chain transfers (seconds) - Day 1 support from major protocols like Aave and MetaMask [Read the full case study](https://www.circle.com/case-studies/linea)
Circle Launches New Payment Network
Circle has unveiled its **Circle Payments Network**, marking a significant expansion of their financial infrastructure. The network aims to bridge traditional finance with digital assets through: - Real-time merchant settlements - Cross-border payment capabilities - Integration with existing payment rails - Support for both USDC and fiat currencies This development represents Circle's strategic move to enhance global payment infrastructure, focusing on practical business applications rather than speculative use cases. The system will operate alongside traditional payment networks, offering merchants and institutions more efficient settlement options while maintaining regulatory compliance. *Key benefit*: Reduced settlement times and costs for businesses handling international transactions.
0x Project Expands USDC Integration in DeFi Infrastructure

**0x Project**, a member of the Circle Alliance Program (CAP), is enhancing USDC integration across its decentralized trading infrastructure. Key developments: - Expanded USDC support in token swap mechanisms - Integration with liquidity aggregation systems - Strengthened position as core asset in DeFi operations This follows Circle's broader initiative to expand USDC adoption globally, including recent developments in the Japanese market. Learn more about joining CAP at [Circle Alliance Program](https://www.circle.com/alliance-program)