[Circle Q3 Financial Report Shows Revenue of $740 Million and Net Profit of $214 Million, Doubling Year-on-Year] Circle disclosed its Q3 financial report, with USDC circulation reaching $73.7 billion at the end of the period, a year-on-year increase of 108%. Total revenue, including reserve interest, amounted to $740 million, up 66% year-on-year. Net profit reached $214 million, a year-on-year increase of 202%. Adjusted EBITDA was $166 million, up 78% year-on-year. On the operational side, the Arc testnet has attracted participation from over 100 institutions, while the Circle Payments Network has onboarded 29 financial institutions, with a reserve pipeline of approximately 500 institutions. New partnerships were also established with Brex, Deutsche Börse, Finastra, Fireblocks, Kraken, Itaú, and Visa. The company has raised its 2025 guidance for 'other income' and RLDC profit margins, projecting a long-term annual compound growth rate of approximately 40% for USDC.
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