circle

Circle CEO posted on the X platform that Circle has launched a brand new Agentic Managed Payments, upgraded and expanded the agent market, while providing simpler tools for agents to obtain funding.

According to BBX data, yesterday global cryptocurrency asset service providers and leading Bitcoin mining companies intensively released their financial reports for the third quarter of 2026, with core financial data as follows:Circle (NYSE: $CRCL) Q3 net profit reached 226 million USD, adjusted EBITDA surged by 85%: Stablecoin issuer Circle released its financial report for the third quarter of 2026, showing strong performance. The total revenue and reserve income for the quarter reached 865 million USD, a year-on-year increase of 17%; net profit from continuing operations reached 226 million USD, a year-on-year increase of 5% (diluted earnings per share of 0.84 USD). Thanks to increased interest income and the adoption rate of USDC, its adjusted EBITDA reached 317 million USD, achieving a significant year-on-year growth of 85%.Hut 8 (NASDAQ: $HUT) Q3 net profit reached 131 million USD, recorded 414 million USD in digital asset unrealized gains: Bitcoin mining and energy infrastructure company Hut 8 announced its Q3 financial report. Despite the impact of selling its power generation assets in Ontario and a decrease in custody income, total revenue for the quarter decreased by 14.9% year-on-year to 71.07 million USD, but net profit attributable to the company surged to 131 million USD (compared to 50.11 million USD in the same period last year, diluted earnings per share of 0.98 USD). The significant improvement in profit was mainly due to 414 million USD in non-cash gains from digital assets (during the quarter, Bitcoin prices soared from about 59,847 USD to about 83,415 USD). Adjusted EBITDA was 33.03 million USD, with a cash balance of 157 million USD as of September 30.Riot Platforms (NASDAQ: $RIOT) Q3 revenue increased to 181 million USD, data center business offset mining decline: Bitcoin mining and data center developer Riot Platforms disclosed its Q3 performance, with total revenue reaching 181 million USD, a slight increase of 1%. The financial report indicated that strong growth in data center and engineering operations successfully offset the decline in Bitcoin mining revenue following the halving. The net profit for the quarter was 4.03 million USD (compared to 104 million USD in the same period last year), and adjusted EBITDA remained at a healthy level of 191 million USD.

Circle disclosed the latest progress of the Arc network, having completed the genesis minting of 10 billion ARC tokens, becoming the first publicly listed company to mint network tokens for a new Layer 1 blockchain. ARC will be used for network security, utility functions, and governance, and Arc plans to transition to a Proof of Stake (PoS) mechanism by 2027.In addition, the Arc public mainnet went live on September 16, attracting over 100 institutions and ecosystem builders on its first day, and natively integrating USDC. Future developments will focus on PoS, privacy protection, and scalability.In terms of the ecosystem, the Arc developer community now has over 75,000 Arc House members and 10,000 Architect ambassadors, with more than 1,200 projects built during the private mainnet phase.

Circle submitted a disclosure, stating that the company has reduced approximately 5% of its employees.

According to the market data from the Gate platform, the US stock Circle's financial report was released, and the pre-market increase has expanded, currently up 4.36%.The financial report shows that total revenue and reserve income for the third quarter of 2026 reached 865 million USD, a year-on-year increase of 17%; net profit from continuing operations was 226 million USD, a year-on-year increase of 5%; adjusted EBITDA was 317 million USD, a year-on-year increase of 85%.In terms of segments, reserve income was 658 million USD, a year-on-year decrease of 8%; other income was 207 million USD, a year-on-year increase of 627%, of which 182 million USD came from the ARC token presale.In the third quarter, the average circulation of USDC was 73.3 billion USD, a year-on-year increase of 8%; on-chain transaction volume reached 13.9 trillion USD, a year-on-year increase of 49%; the market share of USDC at the end of the period was 27%, and the number of wallets holding over 10 USD in USDC reached 7.3 million, a year-on-year increase of 16%.

The stablecoin USDC issuer Circle announced its Q3 2026 financial report, with total revenue and reserve income reaching $865 million, a year-on-year increase of 17%. The net profit from continuing operations was $226 million, a year-on-year increase of 5%; adjusted EBITDA was $317 million, a year-on-year increase of 85%.Breaking it down, reserve income was $658 million, a year-on-year decrease of 8%; other income was $207 million, a year-on-year increase of 627%, of which $182 million came from the ARC token presale. In Q3, the average circulation of USDC was $73.3 billion, a year-on-year increase of 8%; on-chain transaction volume reached $13.9 trillion, a year-on-year increase of 49%. At the end of the period, USDC's market share was 27%, and the number of wallets holding over $10 USDC reached 7.3 million, a year-on-year increase of 16%.In terms of business, Circle's payment network achieved an annualized total payment volume of $41.3 billion. The company has signed a definitive agreement to acquire the Singapore cross-border payment platform Tazapay, with the transaction expected to be completed in 2027. Additionally, Circle laid off about 5% of its workforce in Q3 and maintained its full-year financial guidance for 2026.

On October 30, the French cryptocurrency market intelligence agency OAK Research released a report titled "Stablecoins Generate Huge Revenue but Do Not Flow to Public Chains," authored by Lilian Aliaga. The report states that the market capitalization of stablecoins has increased from $4 billion in January 2020 to approximately $298 billion currently, having reached $310 billion at the end of April this year, which is more than three times the total locked value of all DeFi. In the third quarter of 2026, Tether and Circle's combined revenue is approximately $2.1 billion, while the fees from the 13 public chains tracked by the agency totaled $285 million during the same period.The report separately compares the sources of revenue on both sides. Issuers primarily earn interest on reserve assets: of Circle's total revenue of $701.3 million in the second quarter of 2026, reserve income accounted for 95%, or $667.7 million, which is only a 5% year-on-year increase; during the same period, the on-chain transaction volume of USDC increased by 151% to $14.8 trillion, the average supply increased by 25%, while the reserve yield decreased by 66 basis points to 3.49%. Tether's average supply increased by 10.6% year-on-year, and DefiLlama estimates its quarterly revenue to still be around $1.5 billion. Public chains only charge fees based on transactions, and the custody scale itself does not generate revenue.In terms of specific data, in the third quarter of 2026, Ethereum's average custody of stablecoins was $146 billion, with fees of only $34.6 million; Solana's custody was less than $16 billion, with fees of $62.9 million, of which only $6.7 million remained on the protocol side. In the first quarter of 2024, Ethereum's fees were $1.17 billion, higher than the issuer revenue corresponding to its custody of stablecoins, which was about $730 million; by the third quarter of 2026, issuer revenue was approximately $986 million, while Ethereum's fees were $34.6 million. The report also states that stablecoins currently account for about 28% of Aave deposits, 37% of Morpho, and 84% of Hyperliquid.

According to The Block, Ark Invest, led by Cathie Wood, purchased 12,835 shares of Circle Internet Group stock on Tuesday, worth approximately $965,000; at the same time, it sold 37,754 shares of Bullish stock, worth approximately $867,000. Both stocks rose on that day.

VanEck's Head of Digital Asset Research, Matthew Sigel, stated that the total supply of stablecoins decreased by $11.5 billion to $291.2 billion within 30 days, with Tether and Circle accounting for about three-quarters of the decline.

On-chain analyst @FabianoSolana posted that suspected North Korean hackers transferred approximately $1.46 million through the Jupiter Lend and Circle cross-chain bridge. According to his analysis, the funds were initially transferred from a Solana wallet address marked by the FBI (starting with AffzFD), then dispersed to about 35 temporary addresses via intermediary wallets before being re-aggregated and deposited into Jupiter Lend. A few minutes later, a similar amount was withdrawn by another new wallet.Subsequently, the funds were exchanged for USDC and transferred out of Solana through the Circle cross-chain bridge, returning to a new address on the Solana network via Noble and dYdX. The related funds were transferred out in approximately 16 transactions totaling about $1.4634 million, and then returned in 19 transactions, with a difference of about $10 between the amounts transferred out and returned. According to the analyst, the related funds have not been frozen.In response, Jupiter's Chief Operating Officer Kash Dhanda stated that based on the current investigation results, the attackers only performed deposit and withdrawal operations through Jupiter Lend, which is different from the previous Aave incident where stolen stablecoins were borrowed and could not freeze the assets. The flow of related funds can still be fully tracked through LP tokens, and the relationship of the funds has not been severed, so it cannot be concluded that the attackers used Jupiter Lend to launder the source of the funds. The Jupiter security team has been monitoring the flow of related funds in real-time. As of the time of publication, Circle has not publicly responded to the reasons for the aforementioned fund transfer and why they have not been frozen.

According to The Block, Cathie Wood's Ark Invest purchased $3.4 million worth of Coinbase stock, $2.6 million worth of Circle stock, and $645,820 worth of Robinhood stock, all three stocks closed lower on the same day. Ark also sold $2.3 million worth of Bullish stock, which fell 5.6% on that day.

According to Whale Alert monitoring, USDC Treasury minted a total of 1 billion USDC on the Solana network in 4 transactions, each for 250 million, between 02:12 and 02:22 (UTC+8).Solscan data shows that the receiving address is the USDC Treasury token account controlled by Circle, which currently holds approximately 1.756 billion USDC.

According to CoinDesk, researchers from Cornell Tech and Yale University tested Circle's AI agent wallet and found that when allowing the AI agent access to users' email, web pages, and wallet tools, 9 out of 10 tested models were able to bypass manual approval to increase spending limits at least once by independently obtaining a one-time verification code sent to the user's email, without any external attacker intervention.In experiments simulating an attacker impersonating a user, 5 out of 10 models increased spending limits at least once and transferred funds to a wallet controlled by the attacker. The study used real USDC on the Base mainnet, with an initial wallet balance of 10 USDC and a daily spending limit set at 0.01 USD. Researchers pointed out that existing approval mechanisms may fail when the AI agent can access credentials used to verify human authorization.Circle responded that its documentation clearly requires users not to grant unrestricted access to verification emails to AI agents. The research team also developed an open-source prototype called Countersign, which confirms transactions through manual physical operations on an independent trusted device to prevent AI agents from completing authorizations on their own.

According to DeFiLlama data, in the protocol revenue ranking over the past 24 hours, Titan Builder ranked first with $22.83 million, while Tether and Circle ranked second and third with $16.99 million and $6.76 million, respectively.

Circle has released a developer guide, introducing how token issuers can achieve cross-chain functionality for ERC-20 tokens other than USDC through CCTP. Issuers can deploy new native cross-chain tokens or configure already issued ERC-20 tokens as custom CCTP connections; both methods reuse Circle's messaging and proof infrastructure and adopt a burn-mint model.Issuers can set the owner, operator, pause permissions, rate limits, and per transaction limits themselves, and Circle cannot take over control. According to Circle's developer documentation, CCTP for non-USDC went live in September 2026, supporting EVM chains such as Ethereum, Avalanche, OP Mainnet, Arbitrum, Base, Polygon PoS, and Arc, but not supporting non-EVM chains like Solana.

According to market news, the United States Secret Service stated that investigators are collaborating with private sector partners, including Circle, to identify, freeze, track, and recover funds stolen from Binance.

Circle will reduce the limit of the old version of the USDC cross-chain protocol CCTP V1 starting from October 31 and plans to suspend the contract on December 1. In addition, the Noble chain will not connect to the new version of CCTP.Circle plans to suspend its USDC contract and remaining cross-chain routes on January 12, 2027. Holders on Noble need to withdraw USDC before this date. Circle will take a snapshot of the remaining balance on the day of suspension and will start manual redemptions from January 13. Applicants must meet compliance and security requirements, and the assets must be in a self-custody wallet.

Circle announced that it will gradually phase out the old cross-chain transfer protocol CCTP V1 and will begin reducing the cross-chain destruction limit for the old USDC starting October 31. This process will last for one month, during which transfer performance will gradually decline until the V1 contract is completely suspended on December 1. At that time, any integrations still pointing to V1 will no longer be able to transfer USDC across chains.This migration aims to encourage developers to transition to CCTP V2. CCTP V2 offers standard transfer and fast transfer modes and introduces programmable hooks functionality, allowing automated actions to be triggered once USDC reaches the target chain. Currently, CCTP V2 supports 27 blockchains, and Circle states that new integrations should be built directly on V2.Regarding fund security, Circle emphasizes that pending redemption requests will still be available during the phase-out period. The company will maintain a minting limit above the total amount of pending proofs to ensure that all pending redemptions can be processed before the V1 contract is completely suspended. This transition plan aims to achieve a transparent, predictable, and minimally disruptive migration.