Recent events
2026-05-01
Other facts
PRIMARY
The Circle Reserve Fund (USDXX) reported a 7-day SEC yield of 3.59% as of May 1, 2026, reflecting a 0.17% net expense ratio after contractual fee waivers by BlackRock.
2026-05-01
Other facts
PRIMARY
On May 1, 2026, BlackRock submitted a formal comment letter to the OCC opposing a 20% cap on tokenized reserve assets and requesting that Treasury ETFs be designated as 'eligible reserves' under the GENIUS Act.
2026-05-01
Stated positions
PRIMARY
Senators Thom Tillis and Angela Alsobrooks finalized a 'stablecoin yield' compromise for the CLARITY Act on May 1, 2026, which prohibits rewards that are 'economically or functionally equivalent' to bank interest.
2026-02-26
Transactions
PRIMARY
Circle reported a total net loss of $70 million for FY 2025 despite generating $2.75 billion in total revenue, primarily due to a 74% year-over-year surge in distribution and compensation expenses following its IPO.
2026-02-25
Transactions
PRIMARY
Circle reported total revenue and reserve income of $2.7 billion for fiscal year 2025, with distribution costs reaching $461 million, significantly driven by revenue-sharing agreements enabled by the GENIUS Act's yield…
2026-02-25
Other facts
PRIMARY
The OCC's proposed 'Part 15' regulations (Feb 2026) create a 'rebuttable presumption' that yield paid by an exchange affiliate to a stablecoin holder is an evasion of the GENIUS Act's interest prohibition.
2026-02-24
Transactions
PRIMARY
Coinbase captured approximately 80% ($1.35B) of Circle's total distribution payments (estimated $1.68B) in FY 2025, leaving only ~$330M for all other global distribution partners and transaction costs.
2025-08-12
Other facts
INFERENTIAL
Circle Internet Financial filed filing with the SEC on 2025-08-12. Accession number: N/A.
2025-07-18
Other facts
PRIMARY
The GENIUS Act (S. 1582) became Public Law 119-27 on July 18, 2025, establishing the first federal regulatory framework for payment stablecoins.
2025-06-05
Other facts
PRIMARY
Circle Internet Financial began trading on the NYSE under the ticker CRCL on 5 June 2025, in one of the largest financial-services IPOs of the year.
2024-06-15
Transactions
SECONDARY
USDC outstanding supply has fluctuated between roughly $25B and $60B during 2023-2025, generating reserve-investment yield that funds the bulk of Circle's revenue.
2024-06-15
Other facts
SECONDARY
Circle publicly campaigned for the repeal of SAB 121 and for passage of the GENIUS Act stablecoin framework, both of which materially expand its addressable market.
2024-06-15
Other facts
PRIMARY
Circle's S-1 filing disclosed that interest income on reserves accounted for the substantial majority of total revenue, making the company's economics directly geared to short-term U.S. interest rates.
2022-11-03
Other facts
PRIMARY
BlackRock manages the Circle Reserve Fund, a registered government money market fund holding the bulk of USDC's dollar reserves; the relationship was formalised in 2022.
2022-06-15
Other facts
SECONDARY
BlackRock manages the Circle Reserve Fund, which holds the bulk of USDC's dollar reserves and earns BlackRock management fees scaled to USDC outstanding supply.
2024-06-15
Contradictions
PRIMARY
Contradiction: stated "Circle publicly campaigned for the repeal of SAB 121 and for passage of the GENIUS Act stablecoin framework, both of which materially expand its addressable market." — revealed "Circle's S-1…
