Circle Payments Network
The network reached $14.7 billion of annualized volume and 175 enrolled financial institutions at the end of Q2 2026.
The numbers
What it is
The Circle Payments Network lets banks and payment firms move funds in USDC between institutions. It is one of Circle's Applications products, alongside StableFX.
Why it matters to the stock. A payments network adds volume that does not depend only on USDC holdings, which is a route to new fee revenue beyond reserve income.
News
Circle raises $222 million in ARC token presale at $3 billion valuation
Alongside its first-quarter results, Circle said it raised $222 million in a presale of the ARC token for its Arc blockchain at a $3 billion fully diluted network valuation.
Capital