Circle Revenue Surges 64%, Ethereum ETF Assets Plummet

Circle, a publicly listed company, has reported a significant increase in its total revenue and reserve interest income for fiscal year 2025. According to the financial report, Circle's total revenue grew by 64% to $2.7 billion, while the circulating supply of USDC reached $75.3 billion, a 72% increase.

The Ethereum ETF assets under management have shrunk by nearly 65% in about four months, dropping from approximately $30.6 billion to around $10.7 billion. This significant decline is attributed to a combination of price corrections and net outflows, reflecting a defensive shift in institutional capital under the current macro and market environment.

Meanwhile, the UK's stablecoin rules are being finalized, which may hinder the country's competitiveness in the global digital economy. Coinbase CEO Brian Armstrong has called on UK users to sign a petition for a strategy that favors blockchain and stablecoin innovation.