Circle quarterly revenue rises on stablecoin growth

Reuters

Wed, November 12, 2025 astatine 5:30 AM CST 1 min read

(Reuters) -Circle reported a emergence successful third-quarter gross connected Wednesday,​ connected the backmost of higher reserve ‌income done its flagship USDC arsenic stablecoin circulation increased.

Global adoption of ‌stablecoins — integer tokens backed by low-risk assets specified arsenic U.S. dollars oregon Treasuries — is gaining momentum arsenic accepted fiscal ⁠firms rotation retired ‌new offerings successful the abstraction and regulators worldwide determination toward clearer rules.

The Trump administration,‍ which pledged to presumption the United States arsenic a planetary person successful cryptocurrency, enacted the Genius Act ​earlier this year, establishing a ineligible model ‌for regulating dollar-backed stablecoins aimed astatine enhancing the information of integer payments.

Circle, which issues USDC, earns reserve income from investing the fiat reserves that backmost the stablecoin.

The circulation of USDC -⁠ backed by the U.​S. dollar - ​more than doubled from a twelvemonth earlier to $73.7 billion.

Circle reported full gross ‍and reserve income ⁠of $740 cardinal successful the 3 months ended September 30, compared with $446 cardinal ⁠a twelvemonth earlier.

(Reporting by Arasu Kannagi ‌Basil and Pritam Biswas successful Bengaluru; Editing ‌by Krishna Chandra Eluri)