Circle beats Q3 earnings 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. The company, which trades on the NYSE under the ticker CRCL, affirmed its fiscal 2026 guidance alongside the results. 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.