Circle just posted $865M in Q3 revenue and reserve income, up 17% year over year.

The numbers (per Odaily):
• USDC on-chain volume: $13.9T, up 49%
• Market share: 27%
• Yet Circle also cut 5% of staff (CoinDesk)

Stablecoin usage is growing much faster than revenue. Rates, competition and a new Congress writing reserve and AML rules are the swing factors for $USDC from here.

Is USDC's 27% share a floor or a ceiling for 2027? Share your view below.

#USDC #Circle #Stablecoins #Crypto