Circle

Circle posted a strong Q3 with USDC supply exceeding $73 billion and net income up over 200% year-over-year. The company also launched its Arc testnet and signaled the possibility of a native token as it scales onchain and institutional offerings.

Circle shares slid to $85 even after beating estimates and reporting a record third quarter. Bernstein analysts say fundamentals remain intact and highlight USDC's "Prime Network" as a competitive advantage.

Peter Schiff renewed his critique of crypto after Circle's stock (CRCL), tied to USDC issuer Circle, plunged about 71% from its IPO level. The drop has become a focal point in debates over confidence in stablecoin issuers and crypto-linked equities.

Aerodrome and Velodrome announced a full merger into a single DEX brand, Aero, with plans to launch on Ethereum and Circle's Arc in 2026. The move aims to broaden liquidity and cross-chain access for AERO, VELO and ETH markets.

Circle said it delivered record Q3 growth as USDC circulation roughly doubled year‑over‑year, while the firm explores a new token launch and expands its payments network globally. The developments reinforce USDC's role in payments and DeFi amid evolving market dynamics.

Circle says USDC in circulation reached $73.7 billion and reported Q3 profit tripled, signaling stronger demand for stablecoins. More than 100 firms, including BlackRock and Goldman Sachs, joined Arc Network’s public testnet in October, highlighting rising institutional interest.

William Blair reiterated an outperform rating on Circle (CRCL) after the company's third-quarter results topped both the bank's and Wall Street estimates, reinforcing momentum behind USDC. The move underscores renewed investor confidence in Circle's growth trajectory.

Circle said Q3 combined revenue and reserve income reached $740 million, beating analyst forecasts and rising 66% year‑on‑year. The result highlights stronger reserve yields and sustained demand for USDC.

Circle has revealed plans to introduce a native token for its Arc stablecoin network, announced alongside its Q3 earnings which showed a year-over-year rise in net income.