Circle reported $865 million in revenue and reserve income in the third quarter of 2026, while USDC on-chain transaction volume increased 49% year over year to $13.9 trillion. According to Odaily, the company’s total revenue and reserve income rose 17% year over year, and net income from continuing operations increased 5% to $226 million; adjusted EBITDA climbed 85% to $317 million.
Reserve income fell 8% to $658 million, while other revenue rose 627% to $207 million, including $182 million from the ARC token presale. Average USDC in circulation was $73.3 billion, up 8% year over year. USDC had a 27% market share at quarter-end, and the number of wallets holding more than $10 in USDC reached 7.3 million, an increase of 16%.
Circle’s payments network recorded an annualized total payment volume of $41.3 billion. The company signed a definitive agreement to acquire Tazapay, a Singapore-based cross-border payments platform, with the deal expected to close in 2027. Circle cut about 5% of its staff during the quarter and maintained its full-year 2026 financial guidance.