Circle Payments Network reaches $41.3bn annualised volume in Q3
The stablecoin issuer retained 52.4 per cent of revenue and reserve income after distribution costs, supported by ARC token sales.
Key takeaways
- 1Circle Payments Network processed $41.3bn in annualised transaction volume in Q3.
- 2Circle retained 52.4% of revenue and reserve income after distribution costs.
- 3Sales of ARC tokens contributed to lifting the firm's retained income share.
Circle Payments Network reached an annualised volume of $41.3 billion in the third quarter of the year, according to a report by The Defiant. The figure marks the latest operational metric for the stablecoin issuer as it expands its enterprise settlement services.
Circle retained 52.4 per cent of its revenue and reserve income after distribution-related costs during the quarter. The Defiant reported that revenue from ARC token sales helped raise that retained income share. The firm's pending acquisition of Tazapay is intended to expand its local payout access in international markets.
Circle is best known as the issuer of USDC, a major US dollar-pegged digital asset used across cryptocurrency markets and decentralised finance applications. Stablecoin operators earn income primarily by generating interest on backing reserves, which typically consist of cash deposits and short-term US Treasury bills. As digital asset adoption grows, payment rails built on stablecoins compete with traditional banking networks for cross-border transfers.
The operational figures demonstrate increasing enterprise interest in using blockchain-based rails for international transactions and settlement networks. Market participants will monitor the completion of the Tazapay acquisition to see how effectively the deal broadens Circle's payout access in global corridors.
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