Circle climbs after higher Q1 revenue as stablecoin demand rises

ReutersMay 11, 2026 11:12 AM

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Shares of Circle CRCL.N up 2.2% at $116.22 premarket

Company reported higher Q1 revenue and reserve income driven by increased adoption and circulation of its stablecoin

Market volatility and the Middle East conflict pushed investors to rotate out of cryptocurrencies and into stablecoins to park capital earlier this year

Circulation of USDC rose 28% from a year earlier to $77 billion at the end of the first quarter. Total revenue and reserve income grew 20% to $694 mln

As of last close, CRCL stock up 43.3% YTD

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