Circle Internet Group Stock Rises as New 10-K Reveals Heavy Reliance on USDC Reserve Income
Circle Internet Group shares climbed 6.2% to $118.75 Tuesday after its annual report showed 96% of 2025 revenue came from reserve income tied to USDC stablecoin holdings. The company warned that lower interest rates would reduce returns. Circle also registered 14.54 million new shares for employee stock plans. Competition from Tether and other stablecoin issuers is increasing.