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Circle Q3 Financial Report: Revenue Reaches $740 Million, Net Profit Doubles to $214 Million Year-on-Year
Summary: According to official disclosures, Circle's USDC reached $73.7 billion in circulation at the end of the third quarter, a 108% year-on-year increase; total revenue and reserve interest totaled $740 million, a 66% year-on-year increase; net profit was $214 million, a 202% year-on-year increase; adjusted EBITDA was $166 million, a 78% year-on-year increase. In terms of ...
According to official disclosures, Circle's USDC reached $73.7 billion in circulation at the end of the third quarter, a 108% year-on-year increase; total revenue and reserve interest totaled $740 million, a 66% year-on-year increase; net profit was $214 million, a 202% year-on-year increase; adjusted EBITDA was $166 million, a 78% year-on-year increase. In terms of operations, over 100 institutions have participated in the public beta of Arc network, with plans to explore issuing native tokens on the Arc network; 29 financial institutions have joined the Circle Payments Network, with approximately 500 in the pipeline; 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 expects USDC to have a long-term compound annual growth rate of around 40%.
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Link: Circle Q3 Financial Report: Revenue Reaches $740 Million, Net Profit Doubles to $214 Million Year-on-Year [Copy]
