Revenue of $865 million, USDC on-chain transactions of nearly $14 trillion

According to Woofun AI, Circle (CRCL.US) announced financial results for the third quarter of 2026 (July to September), with total revenue equivalent to 137.1 billion yen (approximately US$865 million), an increase of 17% over the previous year.

This achievement was mainly due to the average circulation supply of USDC climbing to $73.3 billion (about 12 trillion yen, up 8% year over year) and huge other revenue from ARC token pre-sales, which successfully hedged the downward pressure on reserve investment income.

According to data compiled by Woofun AI, although the return on reserve investment was 660 million US dollars (about 104.3 billion yen), down 8% year on year, USDC on-chain transaction volume reached 13.9 trillion US dollars (about 2,203 trillion yen), surging 49% year over year. Net profit from business activities was recorded at US$230 million (approximately 35.8 billion yen, up 5% year on year), and adjusted EBITDA reached US$320 million (approximately 50.2 billion yen), a sharp jump of 85% year over year.

Notably, other revenue segments performed well, totaling $200 million (about 32.8 billion yen), which surged 627% year over year, with ARC token pre-sales contributing approximately $180 million (about 28.8 billion yen).

Meanwhile, in order to optimize the organizational structure, Circle (CRCL.US) included the business restructuring cost of 9.15 million US dollars (about 1.4 billion yen) in the current report and cut employees by 5%.

Circle (CRCL.US) CEO Jeremy Arel pointed out that institutional adoption of USDC continued to rise in the third quarter, as strongly evidenced by Visa (V.US) related initiatives and further cooperation with Binance. The Arc blockchain mainnet was launched in September and has now been accessed by more than 100 institutions and ecosystem developers. With the improvement of infrastructure, Circle (CRCL.US) is accelerating the transformation from a single stablecoin issuance to a next-generation financial application platform, and the explosion of ARC token pre-sale revenue also heralds a new stage of commercialization of its ecosystem.