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Circle posts strong third quarter results as USDC volumes soar

Circle Internet Group delivered impressive financial results for the third quarter of 2026, highlighted by a $13.9 trillion onchain transaction volume for its dollar-pegged stablecoin USDC, marking a 49% increase year-over-year.

Shares are down 1.6% pre-market.

Total revenue and reserve income climbed 17% to $865 million, while adjusted EBITDA surged 85% to $317 million, helped by $182 million in revenue from the private presale of its new native network token, ARC.

Despite a slight reduction in its overall reserve return rate, the stablecoin issuer still boosted net income from continuing operations by 5% to $226 million.

The company debuted its public mainnet Arc on Sept. 16, creating a new layer-one blockchain ecosystem that launched with over 100 institutional and ecosystem builders.

Circle also aggressively broadened its commercial footprint, signing an agreement to acquire the Singaporean cross-border B2B payments network Tazapay to amplify its APAC and LATAM presence.