Circle Internet Financial reported a threefold increase in net profit for Q3 2025 as total revenue, including reserve income, rose to $740 million compared with $340 million a year earlier. The company’s USDC stablecoin circulation averaged $33 billion during the quarter, reflecting higher transaction volumes and growing institutional usage. Operating expenses stood at $212 million, maintaining margins above 35%. Circle stated that reserves remained fully backed by short-term U.S. Treasuries and cash, ensuring regulatory compliance and strong liquidity coverage.