Circle's Q3 revenue and reserve income reached $865 million, with USDC on-chain transaction volume growing 49% year-over-year.

Circle reported Q3 2026 total revenue and reserve income of $865 million, up 17% year over year, with net income from continuing operations of $226 million and adjusted EBITDA of $317 million, up 85%. Reserve income fell 8% to $658 million as the reserve return rate dropped 61 basis points to 3.5%, while other revenue surged 627% to $207 million, including $182 million from the ARC token presale. USDC average circulation rose 8% to $73.3 billion, on-chain transaction volume climbed 49% to $13.9 trillion, and stablecoin market share stood at 27%. Circle's payment network reached $41.3 billion in annualized payment volume, the Arc public mainnet launched September 16 with a 10 billion ARC initial supply and a planned 2027 move to proof-of-stake, and Binance invested $100 million in Circle while expanding their strategic partnership. The company also signed a definitive agreement to acquire Singapore cross-border payments platform Tazapay, expected to close in 2027, and maintained full-year guidance of $310 million to $330 million in other revenue and $570 million to $585 million in adjusted operating expenses.