Reporting · policy
Circle reports USDC onchain volume of $13.9 trillion in the third quarter of 2026
Circle's third-quarter 2026 results show onchain USDC volume up 49 percent, alongside a planned acquisition of Tazapay.
Quick take
- Circle reported third-quarter 2026 USDC onchain volume of $13.9 trillion, up 49 percent year over year.
- Adjusted EBITDA rose 85 percent to $317 million, while net income from continuing operations was $226 million, up 5 percent.
- Circle's planned purchase of Tazapay, a cross-border payments platform, is expected to close in 2027 and is subject to approvals.
NewsBTC reported that Circle released its third-quarter 2026 results, showing onchain USDC volume of $13.9 trillion, up 49 percent year over year. The company said average USDC circulation rose 8 percent to $73.3 billion, and that its payments network reached an annualised total payment volume of $41.3 billion.
Total revenue and reserve income increased 17 percent to $865 million, according to the company's figures. Net income from continuing operations came to $226 million, up 5 percent, while adjusted EBITDA climbed 85 percent to $317 million. Tazapay, a cross-border payments platform, is the target of the deal, which Circle expects to complete in 2027 subject to approvals.
The accompanying commentary cautions that onchain transfer volume is a weak proxy for payment revenue. It also says regulation, as well as technology, shapes how stablecoins are distributed, and treats both points as limits on reading the volume figures.
Sources
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