Circle's Q3 financial report: Revenue of $740 million and net profit of $214 million, more than doubling year-over-year.

According to official disclosures, Circle's USDC reached $73.7 billion at the end of its circulation period in Q3, a year-on-year increase of 108%; total revenue and interest payments totaled $740 million, a year-on-year increase of 66%; net profit was $214 million, a year-on-year increase of 202%; and adjusted EBITDA was $166 million, a year-on-year increase of 78%. In terms of operations, the Arc testnet has attracted over 100 institutions, and the company stated it is exploring issuing native tokens on the Arc network; Circle Payments Network has 29 financial institutions onboarded, with approximately 500 pipeline partners; and new partnerships have been established with Brex, Deutsche Börse, Finastra, Fireblocks, Kraken, Itaú, and Visa. The company has raised its 2025 guidance for "Other Income" and RLDC profit margins, and projects a long-term CAGR of approximately 40% for USDC.