PANews reported on February 25th that Circle released its Q4 and full-year 2025 financial report. As of the end of the period, the circulating supply of USDC reached $75.3 billion, a year-on-year increase of 72%; the total on-chain transaction volume for the year was $11.9 trillion, a year-on-year increase of 247%; total revenue and reserve income for the year was $2.7 billion, a year-on-year increase of 64%; Q4 revenue was $770 million, a year-on-year increase of 77%. Q4 net profit was $133 million, a year-on-year increase of $129 million; the full-year net loss was $70 million, mainly due to IPO-related equity incentive expenses. Q4 adjusted EBITDA was $167 million, a year-on-year increase of 412%; full-year adjusted EBITDA was $582 million, a year-on-year increase of 104%.