Jeremy Allaire posted that Circle’s third‑quarter results were strong. He noted USDC accounted for 79% of all stablecoin transaction volume, up from 66% a year earlier, and that $13.9 trillion moved on‑chain, a 49% increase. Allaire also highlighted a record $208 billion of USDC minted and redeemed, roughly $2.3 billion each day, and announced the launch of the Arc mainnet with over 100 institutions and apps building on it. Additionally, he reported that Circle’s CPN product ended the quarter with $41 billion in annualized volume, a 15‑times year‑over‑year rise, now exceeding $58 billion, and that more than 99% of agent payments on x402 settle in USDC. He referenced the GENIUS Act, which took effect in January, bringing regulated digital dollars into mainstream use, and said Circle’s platform is fully ready for this environment.

“Q3 was a big quarter for Circle. → USDC carried 79% of all stablecoin transaction volume, up from 66% a year ago, and $13.9T moved onchain (+49%) → A record $208B of USDC was minted and redeemed, about $2.3B every day → Arc mainnet went live, with 100+ institutions and apps building on it → CPN ended the quarter at $41B in annualized volume, up 15x YoY, and it's already past $58B → Over 99% of agent payments on x402 settle in USDC In January, the GENIUS Act takes effect and regulated digital dollars go mainstream. Every layer of our platform is live and ready for it. We built Circle for this moment. Full results at”

— Jeremy Allaire (@jerallaire) on X · X ↗

Jeremy Allaire is not affiliated with COINMAG. The quote comes from a public post on X; the context was written by the COINMAG newsroom.