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taishiro
Circle reports Q3 earnings tomorrow, November 4, and the headline USDC supply figure won't tell the whole story.
USDC adoption is still expanding, but the bigger question is how much of that growth is actually reaching Circle's bottom line.
For context, Circle ended Q3 2025 with approximately $73.7B in USDC circulation, more than doubling year over year. In Q2 2026, circulation stood at $73.3B, up 19% YoY.
#CircleQ3USDCGrowth
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