(NYSE: CRCL), the firm behind the USD Coin (USDC) stablecoin, released its first quarterly earnings as a public corporation, showing significant growth in Q2 2025. The amount of USDC in circulation grew by 90% from one year to the next,

Circle Internet Group, the issuer of the world’s second-largest stablecoin, posted a quarter loss after one-time charges related to the crypto company’s June IPO offset revenue gains from a year earlier. Second-quarter revenue exceeded Wall Street expectations, lifting Circle’s shares by 7% in premarket trading.

Two of the stock market’s hottest themes put the initial public offerings of CoreWeave Inc. and Circle Internet Group Inc. in the spotlight. They’ll soon be under the microscope when they report quarterly earnings.