USDC Ecosystem Expansion
USDC in circulation grew 19% year-over-year to $73.3 billion, while onchain transaction volume surged 151% to $14.8 trillion, reflecting strong adoption and utility of the stablecoin.
Circle Internet Group, Inc. is expected to release its Q3 2026 10-Q filing in the upcoming earnings season. Last quarter: Circle swung to a net profit in Q2 FY2026 as USDC circulation and transaction volumes expanded sharply, though heavy distribution costs and interest-rate sensitivity persist.
Drawn from management commentary in the Q2 2026 10-Q:
USDC in circulation grew 19% year-over-year to $73.3 billion, while onchain transaction volume surged 151% to $14.8 trillion, reflecting strong adoption and utility of the stablecoin.
Net income swung from a loss of $482 million in the prior year to a profit of $48 million, aided by a 7% increase in total revenue and reserve income; Adjusted EBITDA rose 14% to $143 million.
The Arc blockchain is expected to launch on mainnet in September 2026, following a private mainnet launch in May 2026 with over 100 partners, signaling progress in onchain financial infrastructure.
Revenue
$701.32M
+6.57% YoY
EPS (Diluted)
$0.18
+104.02% YoY
Operating Income
$34.36M
+110.55% YoY
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