Circle, the company that issues $USDC , reported earnings of USD 226 million between July and September, up 5% from a year earlier. Its total revenue reached USD 865 million, an increase of 17%.
The report also announced a USD 100 million investment by Binance in Circle and an expansion of their partnership to promote the use of $USDC , especially in emerging markets.
Some of the revenue growth came from the presale of ARC, the currency of its new Arc network, which generated USD 182 million. However, revenue from investments in the reserves backing its digital currencies fell by 8%.
Circle also signed an agreement to acquire Tazapay and expand its international payment services. The acquisition is expected to close in 2027, subject to the relevant approvals. At the end of September, USD 73.9 billion in USDC was in circulation.
#Circle
The report also announced a USD 100 million investment by Binance in Circle and an expansion of their partnership to promote the use of $USDC , especially in emerging markets.
Some of the revenue growth came from the presale of ARC, the currency of its new Arc network, which generated USD 182 million. However, revenue from investments in the reserves backing its digital currencies fell by 8%.
Circle also signed an agreement to acquire Tazapay and expand its international payment services. The acquisition is expected to close in 2027, subject to the relevant approvals. At the end of September, USD 73.9 billion in USDC was in circulation.
#Circle
