AsianFin -- Circle, the stablecoin issuer, has released its first earnings report since its initial public offering in June. The report highlights significant revenue growth, coming shortly after the GENIUS Act—new U.S. stablecoin regulation—was signed into law.

The company announced a total revenue of $658 million, marking a 53% increase year-over-year. This revenue is primarily composed of income from reserves, along with subscription and transaction fees. Reserve income alone grew by 50% to $634 million, while other revenue streams surged by 242% to reach $24 million.