Circle reported $13.9 trillion in USDC onchain transaction volume for the third quarter of 2026, up 49% from a year earlier, in results filed on November 4. That volume measures token transfers, not retail purchases, payment revenue or income kept by Circle; it can include exchange settlement and transfers between controlled addresses.
Average USDC in circulation rose 8% to $73.3 billion, while total revenue and reserve income rose 17% to $865 million. Circle also reported $41.3 billion in annualised payment volume for its payments network. It announced plans to acquire cross-border payments platform Tazapay, with completion expected in 2027 subject to approvals.
