Scan to Download Gate App
qrCode
More Download Options
Don't remind me again today

Circle Q3 Financial Report: Exploring the issuance of native Token on the Arc network, with a USDC ending liquidity of 73.7 billion USD.

On November 12, USDC issuer Circle released its third quarter financial report, mentioning that it is exploring the issuance of a native Token on the Arc network. The Circle Payments Network has onboarded 29 Financial Institutions and has added partnerships with Brex, Deutsche Börse, Finastra, Fireblocks, CEX, Itaú, and Visa. The company raised its guidance for “other income” and RLDC profit margins for 2025, and expects a long-term compound annual growth rate of approximately 40% for USDC. By the end of the third quarter, the USDC liquidity stood at 73.7 billion USD, up 108% year-on-year; total revenue and accrued Interest amounted to 740 million USD, up 66% year-on-year; and net profit was 214 million USD, up 202% year-on-year.

USDC0.02%
View Original
This page may contain third-party content, which is provided for information purposes only (not representations/warranties) and should not be considered as an endorsement of its views by Gate, nor as financial or professional advice. See Disclaimer for details.
  • Reward
  • Comment
  • Repost
  • Share
Comment
0/400
No comments
Trade Crypto Anywhere Anytime
qrCode
Scan to download Gate App
Community
English
  • 简体中文
  • English
  • Tiếng Việt
  • 繁體中文
  • Español
  • Русский
  • Français (Afrique)
  • Português (Portugal)
  • Bahasa Indonesia
  • 日本語
  • بالعربية
  • Українська
  • Português (Brasil)