Circle Internet Financial (CRCL) announced strong quarterly results, with revenue soaring 77% to $770 million, surpassing expectations. This was mainly driven by a 72% year-over-year increase in USD Coin (USDC) circulation to $75.3 billion. Adjusted EBITDA reached $167 million, with a profit margin of 54%. However, Goldman Sachs noted that the company’s outlook for 2026 is cautious and emphasized that adjusted operating expenses of $570 million to $585 million are higher than initially expected due to a redefinition of operating expenses, excluding recurring costs.