Circle beats Q3 estimates as Arc mainnet goes live with 100+ partners

The USDC issuer posted $865 million in revenue and launched its own blockchain with BlackRock, DTCC and Visa on board Circle had a busy quarter. The USDC issuer reported Q3 2026 revenue of $865 million and adjusted EBITDA of $317 million, clearing analyst projections of approximately $788 million. It also launched its own blockchain. The company, which trades on the NYSE under the ticker CRCL, affirmed its fiscal 2026 guidance alongside the results. The numbers behind the beat The quarter’s strength came from two places. The first is familiar: income earned on the reserves backing USDC, Circle’s dollar-pegged stablecoin. The second source is newer. Circle booked substantial revenue from the presale of ARC tokens, the native asset of its Arc blockchain ecosystem. That presale raised around $222 million at a $3 billion valuation. Coinciding with the mainnet launch, Circle carried out a genesis mint of 10 billion ARC tokens. USDC circulation stood at approximately $73 to $74 billion around the time of the earnings report and the Arc launch. Arc goes live with Wall Street in tow Arc’s public mainnet launched on September 16, 2026. The network went live with more than 100 institutional ...