Circle tops Q3 forecasts as onchain USDC volume jumps 49%
Circle reported third-quarter revenue and reserve income of $865 million, up 17% from a year earlier and ahead of analyst expectations, with net income from continuing operations of about $226 million. Onchain USDC transaction volume climbed 49% to $13.9 trillion. Roughly $182 million came from a private presale of ARC, the token for its Arc blockchain, and the company disclosed a 5% staff reduction with a $9.1 million restructuring charge.