Circle, the issuer of the USDC stablecoin, has demonstrated impressive financial growth in Q3 2025 and announced the expansion of its ecosystem along with a potential launch of a new token on the Arc network.
This is reported by Business • Media
Financial Performance and USDC Growth
According to the financial report for Q3, the circulating supply of USDC reached $73.7 billion, which is 108% higher than the same period last year. The company’s total revenue and profit from reserve assets amounted to $740 million, exceeding last year’s results by 66%. Notably, net profit surged by 202% to $214 million, while adjusted EBITDA rose by 78% to $166 million.
Development of the Arc Network and Strategic Partnerships
Circle confirmed the possibility of launching its own native token on the new Arc network, aimed at stimulating user activity, developing the ecosystem, and supporting the long-term operation of the platform. CEO Jeremy Allaire emphasized that the third quarter demonstrated accelerated adoption of USDC and the expansion of the Circle ecosystem.
“Circle continues to see an acceleration in the adoption of USDC and our platform as we create a new economic operating system for the internet,” said Allaire.
He also noted that the launch of the public testnet for the Arc blockchain on October 28 generated significant interest among partners in both traditional and digital finance, contributing to the formation of a deep and diverse ecosystem of open and programmable money.
The Circle Payments Network (CPN) infrastructure already spans eight countries. The network includes 29 financial institutions, with another 55 undergoing verification, and 500 in the process of preparing for connection. Since the network’s launch in May 2025, the transaction volume has reached $3.4 billion annually over the last 30 days as of November 7.
In the third quarter, the company established new strategic partnerships with Brex, Deutsche Börse Group, Finastra, Fireblocks, Hyperliquid, Kraken, Unibanco Itaú, and Visa. Additionally, the tokenized money market fund USYC grew by more than 200% — from the end of June to early November, its assets reached $1 billion.
In the previous quarter, Circle also demonstrated rapid growth: the USDC volume increased by 90% to $61.3 billion, and the company introduced its own blockchain, Arc.
Analysts at Bernstein predict that despite temporary losses related to the stock market debut, the market capitalization of USDC could triple to $220 billion by the end of 2027. This could position Circle as a leader in the new regulatory framework for stablecoins in the U.S.