Circle Reports $214 Million Q3 Profit as USDC Circulation Surges 108%
Circle's third-quarter earnings for 2025 showcased robust growth, with USDC circulation skyrocketing to $73.7 billion—a 108% increase year-over-year. Total and reserve revenue climbed 66% to $740 million, while net income surged 202% to $214 million, reflecting strong demand for stablecoins amid broader crypto market expansion.
The company unveiled its Arc testnet during the quarter and is actively exploring the creation of a native Arc network token. This strategic MOVE aligns with Circle's ecosystem development goals and could further solidify its position in the decentralized finance space.
Given the accelerating adoption trends, Circle has raised its 2025 "other revenue" forecast to between $90 million and $100 million. The performance underscores how stablecoins are becoming critical infrastructure in both crypto and traditional finance.
