Financial Highlights - Total revenue & reserve income reached $740 million, a 66% year-over-year increase[11] - Adjusted EBITDA was $166 million, up 78% year-over-year[11] - Adjusted EBITDA margin was 57%, a 737 bps increase year-over-year[11] Stablecoin Network Growth - USDC onchain volume reached $96 trillion, a 68x year-over-year increase[11] - Stablecoins in circulation grew 59% year-over-year[16] - USDC onchain transaction volume increased 74x year-over-year[22] - CCTP volume increased 74x year-over-year[22] - Meaningful wallets increased 77% year-over-year[22] Guidance Update for FY 2025 - Other revenue is expected to be between $90 million and $100 million[52] - Revenue less Distribution Costs (RLDC) Margin is expected to be approximately 38%[52] - Adjusted operating expenses are projected to be between $495 million and $510 million[52]

Core Insights - The stablecoin issuer reported better-than-expected earnings and revenue, indicating strong financial performance [1] - Despite the positive earnings report, the company raised its forecast for operating costs, suggesting potential challenges ahead [1] Financial Performance - The company achieved earnings that surpassed market expectations, reflecting effective management and operational efficiency [1] - Revenue figures also exceeded forecasts, highlighting robust demand for its stablecoin products [1] Cost Management - The increase in the forecast for operating costs may indicate rising expenses related to compliance, technology, or market expansion efforts [1] - This adjustment in cost expectations could impact future profitability if not managed effectively [1]

USDC stablecoin issuer Circle reported $740 million in revenue and reserve income for Q3, surpassing analyst forecasts with a 66% year-on-year increase. "Circle continued to see accelerating adoption of USDC and our platform in the third quarter as we build the new Economic OS for the internet,” said Circle Co-Founder and CEO Jeremy Allaire, in a press release. He pointed to the successful launch of the Arc public testnet in October, with participation from over 100 companies including BlackRock, Visa, G ...

The Circle posting quarterly results. The circulation of its USDC more than doubling from a year earlier. Joining us right now first on CNBC is Circles CEO Jeremy Aair.Good morning. We were just talking about how you beat topline, bottom line. This is maybe what happens when you have a good company but also an emerging technology that is uh the hottest play.And by the way, right now you are the real way and really maybe the only way to really get great exposure to this world. So, let's talk about what's goi ...

The Circle posting quarterly results. The circulation of its USDC more than doubling from a year earlier. Joining us right now first on CNBC is Circles CEO Jeremy Aair.Good morning. We were just talking about how you beat topline, bottom line. This is maybe what happens when you have a good company but also an emerging technology that is uh the hottest play.And by the way, right now you are the real way and really maybe the only way to really get great exposure to this world. So, let's talk about what's goi ...

Core Insights - J.P. Morgan Chase has launched a deposit token called JPM Coin aimed at institutional customers, representing dollar deposits with the bank [1][2] - The introduction of JPM Coin is part of a broader trend among financial institutions to enhance their digital asset offerings [2][4] Digital Asset Expansion - The JPM Coin allows users to send and receive money using the Base blockchain, which is associated with Coinbase, facilitating payments that process within seconds and operate 24/7 [2][3] - The launch follows a successful trial run in collaboration with companies like Mastercard, Coinbase, and B2C2, with plans to eventually expand the token's availability to J.P. Morgan's clients' customers and other currencies and blockchains [3][4] Market Context - The launch coincides with increased experimentation with digital assets by other financial institutions such as Citigroup, Santander, Deutsche Bank, and PayPal [4] - This initiative follows the introduction of the GENIUS Act in the U.S., which regulates stablecoins, highlighting the growing interest in digital currencies [4] Stability and Trust - Deposit tokens like JPM Coin are digital representations of traditional bank deposits, backed 1-to-1 by fiat currency, providing stability and reliability compared to volatile cryptocurrencies [5][6] - The backing by real-world assets enhances trust and security, which is essential for mainstream financial transactions [5][6] Regulatory Compliance - As deposit tokens are issued by regulated banks, they comply with stringent regulatory frameworks, addressing concerns about the adoption of digital currencies [6] - This compliance offers assurance to consumers and businesses, making deposit-based products a compelling alternative for institutional clients [7]

By Arasu Kannagi Basil and Pritam Biswas (Reuters) -Circle's third-quarter profit beat Wall Street expectations on Wednesday, driven by higher reserve income amid ​rising circulation of its flagship stablecoin, but shares fell on concerns over potential ‌competition and valuation. Global adoption of stablecoins — digital tokens backed by low-risk assets such as the U.S. ‌dollar or Treasuries — is gaining momentum as traditional financial firms roll out new offerings in the space and regulators worldwide ...

Core Insights - Circle Internet Group, Inc. reported strong financial results for Q3 2025, highlighting significant growth in revenue and net income, driven by the increasing adoption of USDC and the launch of the Arc public testnet [3][4][5]. Financial Highlights - Total revenue and reserve income reached $740 million, a 66% increase year-over-year [4][5]. - Net income from continuing operations was $214 million, reflecting a 202% year-over-year increase [4][5]. - Adjusted EBITDA was $166 million, up 78% year-over-year, with an adjusted EBITDA margin of 57% [4][5][10]. - USDC in circulation grew to $73.7 billion, marking a 108% increase year-over-year [5][6]. Corporate & Commercial Highlights - The Arc public testnet was launched with participation from over 100 companies across various sectors, indicating strong interest in programmable financial infrastructure [3][5][10]. - Circle is exploring the launch of a native token on the Arc network to enhance network participation and adoption [10][11]. - The Circle Payments Network (CPN) expanded to include 29 financial institutions, with 500 more in the pipeline, demonstrating growing commercial partnerships [5][16]. Key Operating Indicators - Average USDC in circulation was $67.8 billion, a 97% increase year-over-year [6]. - The stablecoin market share reached 29%, up 643 basis points [6]. - The number of meaningful wallets holding USDC increased to 6.3 million, a 77% growth [6]. Recent Developments - Reserve income increased to $711 million, a 60% year-over-year growth, primarily due to the rise in average USDC circulation [10][22]. - Other revenue surged to $29 million, up from $1 million year-over-year, driven by subscription and services revenue [10][22]. - Total distribution, transaction, and other costs rose to $448 million, a 74% increase year-over-year, reflecting higher distribution payments due to increased USDC circulation [10][22].

[CC may contain inaccuracies] Depending on which Fed speech you're listening to at any moment, it's not the jobs that are most important or sticky inflation that's most important. So from your perspective, what's the greater force at the moment. Well, I think it's it is a bit of a toss up.I think Fed officials aren't quite sure what what they want to do. But my inclination is to believe that they'll pass on a December rate cut, that there will be another pause, they'll reconsider at the beginning of next ye ...

blackrock buidl fund crossed $500m tokenized treasuries on ethereum settling instant through circle's usdc rails. franklin templeton deployed on polygon stellar aptos for regulatory arbitrage. the trade isn't buying transfer-restricted rwa tokens. it's base and polygon capturing settlement fees from $200b migrating on-chain. stablecoin issuers taking the flow. tradfi rebuilds infrastructure on public chains for 40% cost reduction not 5% efficiency gains. ...