NEW YORK–(BUSINESS WIRE)–Circle Internet Group, Inc. (NYSE: CRCL) today announced results for the third quarter of fiscal year 2025.
Financial Highlights
USDC in circulation of $73.7 billion at quarter end grew 108% year-over-year
Total revenue and reserve income of $740 million grew 66% year-over-year
Net Income of $214 million increased 202% year-over-year
Adjusted EBITDA of $166 million grew 78% year-over-year
Corporate & Commercial Highlights
More than 100 Companies Joined the Launch of Arc Public Testnet: Brands representing some of the most important companies in banking, payments, digital assets, technology, capital markets, asset issuers and developers participated in the Arc public testnet launch.
Arc Token: Circle is exploring the possibility of launching a native token on the Arc Network.
Circle Payments Network (CPN) Expansion: 29 financial institutions enrolled on CPN, 55 additional going through eligibility reviews and 500 in the pipeline.
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