USDC accounted for 79% of transaction volume across all stablecoins in the third quarter of 2026, up from 66% a year earlier. Its total on-chain transaction volume reached $13.9 trillion, a 49% year-on-year increase, while the average amount in circulation stood at $73.3 billion. Circle issued and redeemed $208 billion of USDC during the quarter, averaging $2.3 billion per day. More than 100 institutions and applications are using Arc, where assets totaled $1.5 billion as of October 30, 2026, while Circle Payment Network’s annualized payment volume rose to $41.3 billion. Circle’s total revenue and reserve income reached $865 million, up 17% year-on-year, including $182 million from ARC token sales.
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