Circle Charts Internet Financial System in 2026 Report

• Circle positions USDC, EURC, and USYC as core units of value on Arc, its enterprise-focused layer-1 blockchain.

• USDC volumes surged to $9.6T in Q3 2025 as CCTP and CPN expanded compliant cross-border payments.

• Regulatory clarity and real-world use cases, from banking to humanitarian aid, drive internet-native finance adoption.

Circle Internet Group released a report outlining the rise of an internet-native financial system. The company detailed how regulated digital assets, public blockchains, and programmable infrastructure are forming the foundation of a new economic operating system. Circle highlighted USDC, Arc blockchain, and its applications as central to this evolving framework.

Regulated Stablecoins and Blockchain Infrastructure

According to Circle, USDC, EURC, and the tokenized money market fund USYC serve as units of value across its ecosystem. Arc, a layer-1 blockchain developed by Circle, functions as the economic operating system for enterprises and developers.

Additionally, Circle Payments Network (CPN) coordinates programmable and compliant payments, connecting onchain infrastructure to real-world use cases. Circle reported that USDC onchain volume reached $9.6 trillion in Q3 2025, up 680% year-over-year.

Redemptions of nearly $217 billion processed in 2025 reflected Circle’s integration with global banking. EURC surpassed 50% market share as a leading euro stablecoin following MiCA compliance. Meanwhile, USYC circulation reached $1 billion, providing onchain access to yield-bearing instruments.

Adoption and Real-World Applications

Circle also highlighted its Cross-Chain Transfer Protocol (CCTP), which processed $31 billion in USDC transfers in Q3 2025, up 740% year-on-year. USDC is now natively available on 30 blockchain networks.

The Circle Payments Network achieved $3.4 billion annualized transaction volume and expanded operations to Brazil, Nigeria, and additional regions. Partnerships with globally systemically important banks accelerated stablecoin use in custody, treasury, collateral, and settlement.

The report emphasized humanitarian applications, where stablecoin-based cash assistance reduced costs by 40% and cut settlement times from weeks to minutes. Arc blockchain testnet launched in October 2025, engaging over 100 companies across sectors and regions.

Jeremy Allaire, Circle CEO, stated that the infrastructure supports commerce, capital markets, and social impact through a programmable economic system. Dante Disparte, Chief Strategy Officer, noted the landmark 2025 stablecoin law and growing regulatory clarity worldwide as catalysts for internet-native finance.

Together, these developments illustrate how Circle’s ecosystem connects public blockchains, regulated digital assets, and applications into a cohesive internet financial system.