USDC jumps 108% to $73.7 bn, Circle revenue up 66% to $740 mn
Circle Internet Group (CRCL) reported that USDC circulation surged 108% year-over-year to $73.7 billion in Q3, driving total revenue and reserve income up 66% to $740 million. The issuer of the US dollar-backed stablecoin said growth was fueled by accelerating adoption and rising reserve yields, marking one of its strongest quarters ever.