Circle Internet Group, Inc. (NYSE: CRCL) reported third-quarter 2026 results on November 4, showing total revenue and reserve income of $865 million, up 17% year-over-year, while net income from continuing operations reached $226 million. The stablecoin issuer and blockchain infrastructure company also unveiled the public mainnet launch of Arc, its layer-one blockchain, and announced a $100 million strategic investment from Binance.
- Average USDC in circulation: $73.3 billion, up 8% year-over-year
- USDC onchain transaction volume: $13.9 trillion in Q3, up 49% year-over-year
- Adjusted EBITDA: $317 million, up 85% year-over-year
- Arc mainnet launch: September 16, 2026, with 100+ institutional partners on day one
- ARC token supply: 10 billion tokens minted at genesis
Circle’s payments infrastructure arm, Circle Payments Network (CPN), hit $41.3 billion in annualized total payment volume. The company also signed a definitive agreement to acquire Tazapay, a Singapore-based B2B cross-border payments platform with $25 billion in annualized payment volume and presence in over 100 markets. The acquisition, expected to close in 2027 pending regulatory approval, will expand Circle’s reach in Asia-Pacific, Latin America, and emerging markets where stablecoin demand is growing. Approximately 60% of Tazapay’s transaction volume already uses stablecoins.
Arc’s mainnet launch marked what Circle described as its most significant product release since USDC. The network features native USDC integration and a validator cohort drawn from major global financial institutions. Circle completed a full genesis mint of the ARC token, making it the first publicly traded company to mint a network token for a new layer-one blockchain. The roadmap centers on proof-of-stake transition in 2027, along with privacy and scalability improvements. During private mainnet testing, 75,000 Arc House members and 10,000 Architect ambassadors built over 1,200 projects.
Circle also expanded institutional partnerships and brand presence. Visa moved its stablecoin prefunding from pilots to commercial deployment across 180+ countries, while Samsung enabled USDC transfers in its wallet for U.S. Galaxy users. Circle secured a principal partnership with Chelsea Football Club, placing the USDC brand on team shirts across men’s, women’s, and academy squads starting in the 2026/27 season. Reserve income declined 8% to $658 million due to a 61-basis-point drop in reserve returns, though offset by USDC circulation growth.
In Q3, we saw continued proof that institutions are building and expanding on USDC. Tereina is bringing USDC and EURC into the SAP ecosystem, Visa took stablecoin prefunding into commercial deployment, and Binance renewed and expanded our partnership. We also launched Arc on public mainnet with more than 100 institutional and ecosystem builders, giving them the infrastructure to build the next generation of financial applications. Together, we’re building the financial and economic infrastructure for the internet, and upgrading the system for a world where people, businesses, and AI agents all transact onchain.
– Jeremy Allaire, Co-Founder, CEO, and Chairman, Circle Internet Group, Inc.
Jeremy Allaire, Co-Founder, CEO, and Chairman at Circle Internet Group, Inc. Source: LinkedIn
