Circle and TeraWulf Report Mixed Q1 Earnings Results

Circle, the stablecoin issuer behind USDC, has released its Q1 2026 earnings report. Despite missing revenue projections, Circle's earnings per share (EPS) beat analyst estimates, coming in at $0.21 compared to the expected $0.19.

The company also announced a presale of its ARC token, raising $222 million from investors such as a16z crypto and BlackRock. This funding round values the fully diluted valuation of Circle at $3 billion.