Circle, the financial technology company behind the USD Coin (USDC) stablecoin, reports impressive third-quarter growth, driven primarily by surging USDC adoption and a healthy expansion of its services. The report reveals USDC’s supply has reached $73.7 billion, a year-over-year increase of 108%, reflecting rising demand for dollar-backed digital assets within the crypto ecosystem. Circle’s financial performance also shows strong gains: Total and reserve revenue climbed to $740 million, a significant jump from the previous year, while net income surged by 202% to reach $214 million. This demonstrates both operational efficiency and robust financial health for the company.