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Circle reported $865 million in Q3 revenue and reserve income, up 17% year over year, with net income from continuing operations reaching $226 million.
But here's the detail worth watching.
Meanwhile, the reported 17% revenue increase includes $182 million from the ARC token presale.
So the headline growth wasn't simply driven by higher recurring revenue.
Meanwhile, USDC's average circulation reached $73.3 billion, up 8%, while onchain transaction volume jumped 49% to $13.9 trillion.
Circle is also expanding beyond its stablecoin business. It completed the genesis mint of ARC's initial 10 billion tokens and agreed to acquire cross-border payments company Tazapay, with closing expected in 2027, subject to regulatory approval.
Circle is building a broader payments and blockchain business, even as its reserve income declines.
The real question is how much of that growth can be sustained without another large token presale contribution.
Circle reported $865 million in Q3 revenue and reserve income, up 17% year over year, with net income from continuing operations reaching $226 million.
But here's the detail worth watching.
Meanwhile, the reported 17% revenue increase includes $182 million from the ARC token presale.
So the headline growth wasn't simply driven by higher recurring revenue.
Meanwhile, USDC's average circulation reached $73.3 billion, up 8%, while onchain transaction volume jumped 49% to $13.9 trillion.
Circle is also expanding beyond its stablecoin business. It completed the genesis mint of ARC's initial 10 billion tokens and agreed to acquire cross-border payments company Tazapay, with closing expected in 2027, subject to regulatory approval.
Circle is building a broader payments and blockchain business, even as its reserve income declines.
The real question is how much of that growth can be sustained without another large token presale contribution.
