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Circle: is exploring the issuance of native tokens on the Arc network, with total revenue and reserve income of US$740 million in the third quarter
According to Foresight News, according to official disclosures, Circle’s USDC in the third quarter reached US$73.7 billion at the end of the circulation period, a year-on-year increase of 108%; total revenue and paid interest totaled US$740 million, a year-on-year increase of 66%; net profit was US$214 million, a year-on-year increase of 202%; adjusted EBITDA was US$166 million, a year-on-year increase of 78%. In terms of operations, more than 100 institutions have participated in the Arc public beta network, and officials said they are exploring the issuance of native tokens on the Arc network; 29 financial institutions have joined the Circle Payments Network, with about 500 reserve pipelines; and new cooperation has been added with Brex, Deutsche Börse, Finastra, Fireblocks, Kraken, Itaú and Visa. The company has raised its guidance for "other income" and RLDC profit margins in 2025, and expects USDC's long-term compound annual growth rate to be approximately 40%.
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