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Circle’s Q3 net income rises 5% to $226m
Circle, a New York-based stablecoin issuer, said on November 4, 2026, that third-quarter net income from continuing operations rose 5% year over year to US$226 million.
Total revenue and reserve income increased 17% to US$865 million.
Circle booked a US$9.1 million restructuring charge tied to a 5% workforce reduction.
The company said US$182 million in revenue came from a private presale of ARC, the native token of its Arc blockchain.
Circle also cited the Arc mainnet launch and its deal to acquire Tazapay.
Tazapay, a Singapore-based cross-border payments platform, would expand Circle’s payments network, the company said.
A separate report found USDT and USDC accounted for 84.7% of stablecoin market capitalization.
🔗 Source: CoinDesk
