Revenue and reserve income reached $865 million, Circle Q3 USDC on-chain transaction volume up 49% year-over-year

Odaily reports: Circle has released its Q3 2026 financial results, with total revenue and reserve income of $865 million, up 17% year-over-year; net income from continuing operations was $226 million, up 5% year-over-year, and adjusted EBITDA was $317 million, up 85% year-over-year. Reserve income was $658 million, down 8% year-over-year; other income was $207 million, up 627% year-over-year, of which $182 million came from the ARC token presale.

In Q3, USDC average circulation was $73.3 billion, up 8% year-over-year; on-chain transaction volume was $13.9 trillion, up 49% year-over-year. At period end, USDC market share was 27%, and the number of wallets holding more than $10 in USDC was 7.3 million, up 16% year-over-year. Circle Payments Network annualized payment volume reached $41.3 billion; Circle has signed a definitive agreement to acquire Singapore-based cross-border payment platform Tazapay, with the transaction expected to close in 2027. Circle reduced its workforce by approximately 5% in Q3 and maintained its full-year 2026 financial guidance unchanged.