Circle: Over $30B in USDC Moved on Arc Since Mainnet Launch
Circle reported Q3 2026 results (Nov 4) with $865M in revenue and reserve income, up 17% year-over-year, and adjusted EBITDA of $317M, up 85%. The quarter's headline milestone was the Arc Mainnet launch on September 16, 2026, which went live with 11 founding validators and 100+ apps. In its earnings livestream, Circle said over $30B in USDC has moved on Arc since launch, with 100+ banks, payments leaders, and apps building on the network, including BNY, HSBC, Mastercard, and Visa alongside earlier institutional partners BlackRock and DTCC.
- Circle Payments Network (CPN) reached $41.3B in annualized TPV, up 15.2x year-over-year, with 205 financial institutions enrolled
- Circle recapped its planned acquisition: a signed definitive agreement to buy Singapore-based cross-border payments platform Tazapay for $400M in stock
- The company also raised full-year guidance for other revenue on growing platform and partnership momentum
Sources
- Arc is live, with 100+ banks, payments leaders, and apps building on the network, including BNY, HSBC, Mastercard, and Visa. Since mainnet launch, over $30B in USDC has moved on Arc. More from our Q3 earnings livestream. https://t.co/VrzpMSSNUJx.com ↗
- Results are out for Q3, which brought platform milestones and strong financial results. → Arc Mainnet launched Sept 16 with 11 founding validators and 100+ apps → CPN annualized TPV grew 15.2x YoY, with 205 financial institutions enrolled → Announced the planned acquisition https://t.co/ODPv9yHsfux.com ↗
Circle
