Wall Street's most subscribed crypto company eyes new token as profit triples

Circle Internet Group, Inc. (NYSE: CRCL), the stablecoin issuer, released its net report for the 3rd 4th connected Nov. 12.

The institution reported the full gross and reserve income of $740 cardinal during the 3rd quarter, up 66% year-over-year (YoY).

Its nett income accrued 202% YoY to $214 million. Its adjusted earnings earlier interest, taxes, depreciation, and amortization (EBITDA) grew 78% YoY to $166 million.

Related: Major crypto institution lifts prohibition connected weapon acquisition aft blimpish backlash

Circle's net per stock (EPS) during Q3 roseate to $0.64, beating estimates of $0.22.

The worth of USDC, the iconic stablecoin issued by Circle, circulating by the extremity of September deed $73.7 billion, up 108% YoY.

“Circle continued to spot accelerating adoption of USDC and our level successful the 3rd 4th arsenic we physique the caller Economic OS for the internet,” said Circle co-founder, chairman, and CEO Jeremy Allaire.

Circle Internet Financial, has acceptable a historical benchmark for crypto companies entering nationalist markets. Its New York Stock Exchange debut connected June 5, 2025, delivered the largest two-day post-IPO surge since 1980, according to Fortune.

By the adjacent of trading connected June 6, Circle’s shares had soared astir 250% — a grounds unmatched by immoderate U.S. IPO raising implicit $500 cardinal successful the past 45 years.

Here's however different companies fared successful examination to Circle.

• Circle Internet Financial: Posted a 250% two-day surge, the largest IPO leap since 1980, according to Fortune (June 2025).

• Gemini Space Station:  Recorded a 20× oversubscription, the highest request ever for a crypto IPO, reported by Reuters (September 2025).

• Coinbase (COIN):  Reached an $86 cardinal nonstop listing valuation, marking the archetypal large U.S. crypto speech listing, per CNBC (2021).

• Bullish Global:  Completed a $9 cardinal organization IPO, 1 of the largest integer plus listings, reported by Bloomberg (March 2025).

Related: Stablecoins marque dollar transfers arsenic casual arsenic sending email, says Circle president

It was successful August that Circle announced Arc, an unfastened layer-1, stablecoin-centric blockchain.

The institution said much than 100 companies spanning across banking, payments, integer assets, superior markets, plus issuers, and developers participated successful the nationalist testnet launch.

The full marketplace capitalization of stablecoins remains dependable astatine $305.18 billion, underscoring their increasing value arsenic the backbone of on-chain liquidity and planetary payments.