BlockBeats News, November 12, USDC issuer Circle released its third-quarter financial report, mentioning that it is actively exploring issuing a native token on the Arc network. The Circle Payments Network has onboarded 29 financial institutions and has added partnerships with Brex, Deutsche Boerse, Finastra, Fireblocks, Kraken, Itaú, and Visa, among others. The company has raised its 2025 “Other Revenue” and RLDC margin guidance and expects USDC to have a long-term compound annual growth rate of about 40%.
In the third quarter, the USDC’s end-of-quarter circulation was $73.7 billion, a year-on-year increase of 108%; total revenue, including reserve interest, amounted to $740 million, a year-on-year increase of 66%; and net profit was $214 million, a year-on-year increase of 202%.
