USDC Issuer Circle Posts 66% Revenue Jump as Stablecoin Adoption Soars
Circle Internet Financial, the company behind the USDC stablecoin, reported a 66% revenue increase in Q3 2025, fueled by surging demand for its dollar-pegged cryptocurrency. Combined revenue and reserve income hit $740 million, with net income skyrocketing 202% year-over-year to $214 million.
USDC circulation nearly doubled, growing 97% to $67.8 billion, while on-platform holdings exploded by 1,277% to $10.2 billion. The stablecoin now holds 29% market share, with 6.3 million wallets containing over $10 worth of USDC – marking a 77% increase.
Circle's Arc blockchain testnet has onboarded more than 100 enterprises, with plans to introduce a native token to boost network participation. The company's global payments expansion continues gaining momentum, demonstrated by its USYC fund doubling in size.