Circle released its 2025 financial report, and its stock price rose 35% to $83 in a single day. In an interview with CNBC yesterday, Allaire stated that according to Visa's statistics, USDC now accounts for approximately 50% of all stablecoin transactions, compared to only one-third last quarter; the on-chain transaction volume in the single quarter increased by over 250% year-on-year to approximately $12 trillion, while the transaction volume of all other stablecoins combined is almost zero. JPMorgan Chase launched several USDC-based initiatives last quarter.

Allaire also pointed out that AI-powered payments are an important growth direction for USDC's business—when AI systems begin to initiate transactions autonomously, the blockchain-based contract rules are transparent and verifiable, and their error correction capabilities are superior to those of the traditional financial system.