Overview
- Revenue reached $740 million with net income of about $214 million, and earnings per share came in at $0.64 versus expectations near $0.22.
- Management raised 2025 adjusted operating expense guidance to $495–$510 million, and the stock fell roughly 3% to 5.5% after the update.
- USDC in circulation climbed to $73.7 billion, up 108% year over year, with higher reserve income accounting for most of the growth.
- Circle launched the Arc public testnet on October 28 with participation from more than 100 banking, fintech, and digital‑asset firms and is exploring a native Arc token.
- Recent partnerships with Deutsche Börse, Visa, Brex, Kraken, and Finastra aim to expand USDC use and diversify revenue beyond rate‑sensitive reserves.