Circle's USDC growth is slowing, even though its revenue from Arc went up.

Nov 5, 2026, 1:47 PM ETResultsRead the original at Benzinga

Bad for CRCL

Circle's average USDC balances grew 8% year over year, far below about 65% recently, raising concern about its main growth source. Its sales and profit beat, but the quarter included a one-time $182 million Arc presale; future Arc and CPN gains remain expected.

CRCL · Circle Internet Group, Inc.

AI read · Bad for CRCL

The AI's read

The slower balance growth raises concern because USDC has grown much more slowly than in recent quarters. Circle's 84-cent profit per share beat the 37-cent estimate, but lower taxes and Arc presale revenue helped lift the result. Arc and CPN may add sales later. CPN's reported payment-volume figure rose from $23 billion on July 31 to over $58 billion on Oct. 30, but those future gains have not arrived yet.

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