Circle’s USDC Soars: $740M Revenue & 108% Growth in Q3, Plans Native Token for Arc Blockchain
Circle Internet Financial, the issuer of USDC, reported a stellar Q3 with $214 million net income—a 202% year-over-year increase. Revenue reached $740 million, driven by a 108% surge in USDC circulation to $73.7 billion. The stablecoin now holds 29% market share, reinforcing its dominance in payments and DeFi ecosystems.
CEO Jeremy Allaire envisions USDC as the backbone of a new "Economic Operating System," forecasting global credit markets will increasingly adopt stablecoin-based lending. Concurrently, Circle is developing its Arc blockchain to revolutionize cross-border transactions.