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Circle wins US banking charters as Q2 EPS misses estimates
Circle reported Q2 EPS of 18 cents versus the 26 cents consensus, while total revenue and reserve income rose to $701 million.
Circle Internet Group has secured regulatory approvals that expand its ability to run compliant stablecoin infrastructure in the US, according to MarketBeat Ratings. The company received final approval from the Office of the Comptroller of the Currency to establish a national trust bank charter and also obtained a limited-purpose trust charter from the New York Department of Financial Services, positioning its USDC stablecoin for institutional settlement use.
The approvals come alongside a move to strengthen Circle’s intellectual property position. MarketBeat Ratings says Circle acquired nearly 1,000 blockchain patents from IBM in late July, placing the company among leading US patent holders in the sector.
On the earnings front, Circle’s second quarter 2026 results missed expectations but showed growth in revenue. The outlet reports Circle posted earnings per share of 18 cents, below the 26 cents consensus estimate, while total revenue and reserve income reached $701 million, up 7% year over year.
MarketBeat Ratings also attributed the earnings miss to margin compression tied to heavier spending. It says adjusted EBITDA rose to $143 million, up 8% from the prior year, and management characterized the spend as aggressive, strategic capital expenditure tied to its Agent Stack rollout and preparations for a launch.