Circle reported 205 financial institutions enrolled on its Payments Network as of 30 September 2026. Enrollment was reported up 4.4x year over year. That is cumulative enrollment, not active usage. The figure was published on 4 November 2026.

Circle Payments Network is scaling fast and the momentum is picking up since the quarter closed. Jeremy Allaire spoke to how the network is growing in our Q3 earnings livestream.

CircleCross-Chain Transfer Protocol (CCTP) has surpassed $300B in all-time transfer volume. A major milestone for the infrastructure enabling USDC, EURC, cirBTC, and supported third-party asset transfers across blockchains.

Circle said it laid off approximately 5% of its workforce as part of a broader push to incorporate AI, while posting third-quarter revenue and earnings that exceeded analyst expectations

CIRCLE CUT 5% OF ITS STAFF AND PUT IT IN A FOOTNOTE Circle, the company behind the USDC stablecoin, reported its third quarter this morning. Net income from continuing operations came in at $226 million, up 5% from a year ago, on $865 million in revenue and reserve income, up 17%. The layoff never makes the headline. It sits in a footnote to the financial tables as "a workforce reduction of approximately 5%," booked as a $9.1 million restructuring charge, mostly severance and notice pay. Circle did not say how many people were let go or which teams. The growth needs context too. Circle makes most of its money on interest from the cash and Treasuries backing USDC. That reserve income fell 8% to $658 million as its return rate dropped 61 basis points. A one-time presale of its new ARC token added $182 million to the quarter. A profitable company shrinking staff. We’ve seen it all year. $CRCL

Circle Internet Q3 2026 Earnings - EPS: 84c (vs 64c Y/Y) - Total Revenue And Reserve Income: $864.9M (est $776.7M) - Adjusted EBITDA: $317M (est $202.8M) - Reserve Return Rate: 3.5% (est 3.52%) - Stablecoin Market Share: 27% (est 26.7%) - USDC Minted: $104B (est $82.45B) - Average USDC In Circulation: $73.3B (est $74.08B) - Sees FY Adjusted Operating Expenses: $570M To $585M - Guidance Unchanged

CIRCLE $CRCL Q3’26 EARNINGS HIGHLIGHTS 🔹 Revenue: $865M (Est. $778M) 🟢; +17% YoY 🔹 EPS: $0.84 (Est. $0.37) 🟢; +31% YoY 🔹 Adj. EBITDA: $317M (Est. $213M) 🟢; +85% YoY 🔹 Reserve Income: $658M (Est. $656.3M) 🟢; -8% YoY Affirms FY26 Guide: 🔹 Other Revenue: $310M-$330M 🔹 RLDC Margin: 41.7%-43.7% 🔹 Adjusted OpEx: $570M-$585M 2026-2028 Outlook: 🔹 USDC in Circulation: 40% CAGR Announcements: 🔹 Arc Mainnet: 100+ institutional and ecosystem builders on day one 🔹 Tazapay: $25B+ annualized payment volume; 60+ partners; 100+ markets 🔹 ARC Token: 10B-token initial supply; $182M presale revenue 🔹 Arc Community: 75,000+ members; 10,000 ambassadors; 1,200+ projects 🔹 Binance: $100M equity investment in Circle Other Q3 Metrics: 🔹 USDC Circulation: $73.9B; flat YoY 🔹 Average USDC: $73.3B; +8% YoY 🔹 Onchain Volume: $13.9T; +49% YoY 🔹 RLDC Margin: 52%; +1,291 bps YoY 🔹 Other Revenue: $207M; +627% YoY Key Updates: 🔹 Other Revenue: $207M incl. $182M ARC token presale; presale also lifted Adjusted EBITDA Comments: 🔸 “We also launched Arc on public mainnet with more than 100 institutional and ecosystem builders, giving them the infrastructure to build the next generation of financial applications. Together, we’re building the financial and economic infrastructure for the internet, and upgrading the system for a world where people, businesses, and AI agents all transact onchain.”