Circle released its Q3 financial report: revenue and reserve income reached 865 million USD, with on-chain USDC transaction volume increasing by 49%

The stablecoin USDC issuer Circle announced its Q3 2026 financial report, with total revenue and reserve income reaching $865 million, a year-on-year increase of 17%. The net profit from continuing operations was $226 million, a year-on-year increase of 5%; adjusted EBITDA was $317 million, a year-on-year increase of 85%.

Breaking it down, reserve income was $658 million, a year-on-year decrease of 8%; other income was $207 million, a year-on-year increase of 627%, of which $182 million came from the ARC token presale. In Q3, the average circulation of USDC was $73.3 billion, a year-on-year increase of 8%; on-chain transaction volume reached $13.9 trillion, a year-on-year increase of 49%. At the end of the period, USDC's market share was 27%, and the number of wallets holding over $10 USDC reached 7.3 million, a year-on-year increase of 16%.

In terms of business, Circle's payment network achieved an annualized total payment volume of $41.3 billion. The company has signed a definitive agreement to acquire the Singapore cross-border payment platform Tazapay, with the transaction expected to be completed in 2027. Additionally, Circle laid off about 5% of its workforce in Q3 and maintained its full-year financial guidance for 2026.