Stablecoin issuer Circle has released its financial report for the third quarter of 2025. The company announced that the circulating supply of USDC has reached $73.7 billion, a 108% increase compared to the same period last year.
Circle Reports Strong Growth in Q3 2025: USDC Supply Increases 108% YoY
According to the report, Circle’s total and reserve revenues reached $740 million, a 66% year-over-year increase. Net income reached $214 million, a 202% increase.
Circle also announced last quarter that it launched its Arc Testnet and is exploring the development of a native Arc network token.
This move is part of Circle’s strategy to expand its blockchain infrastructure and bring more use cases to the USDC ecosystem.
The company raised its 2025 “other revenue” forecast to the $90-100 million range, driven by rising transaction volumes and growing reserve revenue. Circle executives stated that this growth was driven by increased global stablecoin demand and reserve management based on US Treasury bonds.
Circle’s strong balance sheet performance demonstrates that USDC maintains market confidence and the company is increasingly strengthening its role in the global digital finance ecosystem.
*This is not investment advice.