Key Takeaways
- Circle reported $9.6 trillion in on-chain transaction volume for Q3 2025.
- $73.7 billion USDC were in circulation during the quarter.
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Circle, a publicly traded company issuing the USDC stablecoin, achieved robust financial growth in Q3 2025, with $9.6 trillion in on-chain transaction volume and $73.7 billion in USDC circulation, contributing to a net income increase of 202% to $214 million.
Total revenue reached $740 million, marking 66% year-on-year growth. Organizational expansions were highlighted by the enrollment of 29 financial institutions on the Circle Payments Network and notable partnerships across the banking and crypto sectors.
The results highlight continued institutional adoption of USDC, a dollar-pegged stablecoin available on multiple blockchain platforms, including Ethereum and Solana. Circle has emphasized growing institutional demand through on-chain flows from business clients.
USDC supports diverse applications in payments and trading across a wide range of blockchain networks. The stablecoin has increasingly focused on business-to-business real-time payments rather than retail use cases.
Circle has positioned USDC as part of the company’s broader mission of global financial integration through blockchain technology, targeting institutional adoption as a key growth driver.
