At the end of 2024, it had roughly $43.5 billion in USDC in circulation, up from approximately $24.4 billion the year before. The reserve return rate was 5%, up from 4.7% in 2023 and 1.5% in 2022. Revenue increased 16% in 2024, and net income dropped 72%, although it remained positive.

JPMorgan’s Kenneth Worthington says the stablecoin issuer’s stock valuation has been “pushed outside our comfort zone,” so he recommends that investors sell.

Several Wall Street analysts on Monday launched coverage of Circle Internet Group, following the stablecoin issuer's initial public offering earlier this month.