Circle reports Q3 results: Arc mainnet launch, 15.2x CPN growth, and planned Tazapay acquisition

Circle's Q3 report details several operational milestones beyond the headline figures. Arc Mainnet went live on September 16 with 11 founding validators and more than 100 applications. The Circle Payments Network saw annualized total payment volume grow 15.2x year over year, with 205 financial institutions enrolled. The company also announced a planned acquisition of Tazapay, pending regulatory approvals, which it expects to bring USDC to the last mile and accelerate CPN. Partnerships with Binance and Chelsea FC were cited as expanding USDC's global reach, alongside what the author describes as strong financial results.

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• USDC
• Arc
• Launch
• Mainnet