Circle Internet Group (NYSE:CRCL) surged 22% after its Q4 earnings report as the company targets 40% compound annual growth for USDC (CRYPTO: USDC) circulation.
The Earnings Beat
Circle reported Q4 revenue and reserve income of $770 million, driven primarily by reserve income reaching $733 million.
Average USDC in circulation doubled year-over-year to $76.2 billion, though the reserve return rate declined 68 basis points to 3.8%.
USDC circulation ended the year at $75.3 billion, up 72% from the end of 2024. Net income from continuing operations hit $133 million for Q4 compared with $4 million in the prior-year period.
Meanwhile, adjusted EBITDA reached $167 million, a 412% increase from Q4 2024.
CEO Jeremy Allaire said USDC adoption continued expanding globally as more enterprises, developers, and public institutions integrated digital dollars into real-world payments, treasury, and onchain financial workflows.
The Growth Target
Circle issued multi-year guidance targeting a 40% compound annual growth rate for USDC in circulation.
If sustained, this growth rate could significantly expand USDC’s share of the stablecoin market currently led by Tether (CRYPTO: USDT) with roughly $183 billion in circulation.
Product expansion showed momentum. EURC in circulation reached €310 million at year-end, a 284% increase from the prior year. USDC assets totaled $1.5 billion, up 111% from the third quarter following the product’s relaunch.
Circle’s Arc public testnet includes over 100 participants from banking, capital markets, and technology sectors.
The testnet has processed more than 166 million transactions with near 100% uptime and half-second finality. Daily average transaction volumes reached 2.3 million as of February 20, with mainnet launch scheduled for later this year.
The Circle Payments Network had 55 financial institutions enrolled and 74 undergoing eligibility reviews. Annualized transaction volume based on trailing 30-day activity reached $5.7 billion.
CRCL Price Update
CRCL is up 22%, breaking decisively above a descending trendline from the $270 peak.
The Supertrend at $57.28 flipped green and sits below price for the first time since the major decline began—a critical bullish signal confirming momentum shifted to buyers.
The stock reclaimed the 20 EMA at $64.12 and now challenges the 50 EMA at $72.33.
Going from below all EMAs to testing the 50 EMA in a single session demonstrates exceptional buying pressure.
Immediate resistance sits at $80-$90, the former support zone that will now act as resistance.
A daily close above the 50 EMA at $72.33 sets up a test of $80 and the resistance band around $80-$90. Above that, the 100 EMA at $89.81 represents substantial resistance.
Support shifted higher. The broken descending trendline around $70-$72 should now support pullbacks, backed by the 20 EMA at $64.12. Holding above $70-$72 keeps the bullish structure intact.
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