Circle Q3 Report: Exploring Issuance of Native Token on the Arc Network, Total Revenue $740M
BlockBeats News, November 12th, USDC issuer Circle released its third-quarter earnings report, mentioning that it is actively exploring issuing a native token on the Arc network. The Circle Payments Network has onboarded 29 financial institutions and has added partnerships with Brex, Deutsche Börse, Finastra, Fireblocks, Kraken, Itaú, and Visa, among others. The company has raised its 2025 "Other Revenue" and RLDC margin guidance and expects USDC to have a long-term compound annual growth rate of about 40%.
In the third quarter, the end-of-period USDC circulation was $73.7 billion, a 108% year-over-year increase; total revenue and reserve interest totaled $740 million, a 66% year-over-year increase; net profit was $214 million, a 202% year-over-year increase.
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