CoinDesk
Circle reported $13.9 trillion in USDC onchain transaction volume for the third quarter of 2026, up 49% year over year. Revenue and reserve income rose 17% to $865 million, while adjusted EBITDA climbed 85% to $317 million.
Why it matters
Revenue from the private presale of Circle's new native network token, ARC, contributed $182 million to the quarter. Net income from continuing operations increased 5% to $226 million, despite a slight reduction in the company's overall reserve return rate.
Market impact
Circle launched its Arc public mainnet on Sept. 16 with more than 100 institutional and ecosystem builders. The company also agreed to acquire Singapore-based cross-border B2B payments network Tazapay to expand its presence in APAC and LATAM. Circle shares were down 1.6% pre-market.
Frequently asked questions
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How much USDC onchain transaction volume did Circle report?
Circle reported $13.9 trillion in USDC onchain transaction volume for Q3 2026, a 49% increase year over year.
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What drove Circle's adjusted EBITDA higher?
Adjusted EBITDA rose 85% to $317 million. The $182 million in revenue from the private presale of Circle's native network token, ARC, contributed to the quarter.
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What happened to Circle's net income despite a lower reserve return rate?
Net income from continuing operations increased 5% to $226 million, even though Circle's overall reserve return rate declined slightly.
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What is Circle's Arc network and when did its mainnet launch?
Arc is Circle's new layer-one blockchain ecosystem. Its public mainnet launched on Sept. 16 with more than 100 institutional and ecosystem builders.
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How would the Tazapay acquisition expand Circle's business?
Circle agreed to acquire Singapore-based cross-border B2B payments network Tazapay to broaden its presence in APAC and LATAM.
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