Circle Rakes in $214 Million Q3 Windfall as USDC Supply Explodes 108%—Stablecoins Eat Banks’ Lunch
Circle just flexed a monster $214 million profit in Q3—turns out printing digital dollars is ludicrously lucrative when traditional finance keeps tripping over itself.
The real kicker? USDC circulation skyrocketed 108% as institutions finally realized stablecoins don't charge $25 wire fees or take three business days to settle. Who knew?
Wall Street's 'blockchain skeptics' awfully quiet these days—probably busy manually reconciling their legacy ledgers.
Circle’s Q3 2025 earnings revealed strong growth, with USDC circulation reaching $73.7 billion—up 108% year-over-year. Total and reserve revenue climbed 66% to $740 million, while net income ROSE 202% to $214 million. The company also launched the Arc testnet and is exploring the development of a native Arc network token. Reflecting growing demand and ecosystem expansion, Circle raised its 2025 “other revenue” forecast to between $90 million and $100 million.
