Circle releases Q2 2025 financial report: USDC circulation increases by 90% year-on-year, net loss of $482 million

According to Businesswire, Circle has released its Q2 financial report for the fiscal year 2025. The report shows that as of the end of the second quarter, USDC circulation increased by 90% year-on-year to $61.3 billion, while total revenue and reserve income increased by 53% year-on-year to $658 million. The net loss for the quarter was $482 million, mainly due to two non cash expenses related to the initial public offering (IPO).