Circle's Q1 revenue misses estimates but USDC transaction volume soars 263%, shares jump 12%.

Circle Internet Group reported Q1 revenue of $694.13 million, up 20% year-over-year but below analyst expectations of $714.88 million. Despite the revenue miss, earnings per share beat estimates at $0.21 versus $0.18. The company's USDC stablecoin saw explosive growth, with transaction volume surging 263% to $21.5 trillion and USDC in circulation rising 28% to $77 billion. Circle also launched new AI-focused services and raised $222 million in a token presale, signaling strong momentum and innovation. The company projects continued growth with USDC expected to grow at a 40% compound annual rate and aims for a 38-40% margin on revenue less distribution costs.