We are currently witnessing the most significant paradigm shift in the history of the internet, and Circle sits firmly at the core of this ongoing evolution. To support this new era, we are constructing the trusted infrastructure necessary for a fully programmable internet financial system, one that effortlessly powers everything from digital dollars and global payments to the emerging agentic economy.

Our Q1 numbers clearly demonstrate our vital position within this landscape. Total revenue and reserve income climbed to $694M, marking a 20% increase YoY. The amount of USDC in circulation also saw impressive growth, rising 28% YoY to reach $77.0B. Furthermore, our USDC onchain transaction volume experienced an extraordinary 263% YoY jump, totaling $21.5T for the quarter.

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