Financial PerformanceCircle delivered a strong beat on revenue and adjusted EBITDA, topping expectations primarily due to a better-than-expected reserve return rate.
Market GrowthUSDC outstanding growth is strong, with Q3 showing a +92% year-over-year increase, indicating robust expansion in the stablecoin market.
Strategic PartnershipsBybit, the world's second largest cryptocurrency exchange by trading volume, announced a strategic partnership with CRCL, aiming to expand USDC access across Bybit's global ecosystem, strengthen liquidity, and reinforce its position as a regulatory-compliant platform.