On November 12, Circle, the issuer of USDC, ignited the crypto market with its Q3 financial report! Net profit skyrocketed by 202%, USDC liquidity doubled to over 70 billion, and more importantly — it was officially announced that they are exploring the issuance of native tokens on the Arc network, marking the beginning of a leap from 'stablecoin giant' to 'digital financial infrastructure leader'!
How explosive is the financial report data? A set of numbers reveals the strength: USDC's end-of-period liquidity surged to 73.7 billion USD, a year-on-year increase of 108%, equivalent to recreating one 'old version of USDC' in just over six months; total revenue plus interest on reserves reached 740 million USD, a year-on-year increase of 66%; net profit soared to 214 million USD, with growth directly exceeding 200%, and its profitability surpasses most traditional fintech companies. Even more aggressively, the company has directly raised its guidance for 'other income' and RLDC profit margins for 2025, and has given a bold claim of a long-term annual compound growth rate of 40% for USDC, which means that by 2030, the scale of USDC could exceed 500 billion USD!
Ecological expansion has also pressed the 'accelerate' button. The Circle Payments Network has already gathered 29 financial institutions, and the new partners added in the third quarter can be described as a 'luxury team'—cross-industry giants like Brex, Deutsche Börse, Fireblocks, Kraken, and Visa have collectively entered the game, with the USDC payment network penetrating every key scenario from traditional finance to the crypto ecosystem. The more core confidence comes from compliance barriers: as the only top stablecoin globally compliant with EU MiCA regulations, USDC's reserves are managed by Blackstone and custodied by BNY Mellon, with a transparent mechanism consisting of 100% cash + short-term US treasury bonds, making institutional clients flock to it.
The most disruptive aspect is the exploration of issuing a native token on the Arc network. It is important to know that Arc is not an ordinary public chain, but an L1 blockchain specifically designed by Circle for institutional finance, which has now entered the public testnet phase, with giants like BlackRock, HSBC, and Goldman Sachs already participating in internal testing. This chain is inherently endowed with the 'digital central bank' gene: USDC, as the native Gas, realizes 'dollar-denominated transaction fees', transaction confirmations are faster than 1 second, and it supports reversible transactions, privacy settlements, and other compliance functions, perfectly adapting to traditional financial needs. Once the native token is issued, Circle will completely close the loop of 'currency issuance (USDC) - clearing system (Arc) - governance mechanism (token)', truly mastering the standard-setting power of the digital dollar.
The Union Group has already given a 'buy' rating, targeting a price of $230, with the core logic being that Circle is evolving from a 'payment tool provider' to an 'internet-native currency ecosystem builder'. The exploration of the Arc token is essentially injecting governance soul into this ecosystem—much like traditional central bank monetary policy tools, in the future, tokens may carry functions such as ecological voting, transaction fee discounts, and cross-border settlement privileges, becoming a key link between institutions and retail investors.
Since the launch of USDC in partnership with Coinbase in 2018, and now building its own Arc public chain and preparing for a native token, Circle has taken seven years to complete the leap of 'monetary issuance - clearing layer - ecological governance'. With compliance advantages, technological infrastructure, and resources from giants all gathered, this exploration of the Arc token may not only signify Circle's transformation but also mark a pivotal event in the entire digital finance industry from 'barbaric growth' to 'compliance prosperity'.
Will the 40% growth promise of USDC be fulfilled? Will the Arc native token become the next phenomenal asset? Share your predictions in the comments, and stay tuned for further developments!
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