USDC price stays near peg as Circle reports stronger activity
Published on 11/06/2026 at 18:37 | Editorial responsibility: Rafael Müller, Editor-in-Chief AD HOC NEWSUSDC activity grows while yields ease
- USDC traded at 1.0012 USD on November 6, remaining close to its dollar target.
- Circle reported average USDC circulation of 73.3 billion USD in the third quarter, up 8 percent year over year.
- USDC onchain transaction volume increased 49 percent to 13.9 trillion USD.
- Reserve income fell 8 percent to 658 million USD as the reserve return rate declined.
The USDC price remained close to its dollar target on November 6 as Circle reported stronger usage of the stablecoin in the third quarter. Investing.com displayed USDC at 1.0012 USD at 12:37:49 Berlin time, with a quoted intraday range of 1.0010 to 1.0014 USD. The page also showed 24-hour volume of 19.73 billion USD and a market capitalization of 70.35 billion USD. These figures describe the displayed market snapshot rather than a verified UTC daily close.
Transaction activity accelerates
Circle's third-quarter results, published on November 4, showed average USDC circulation of 73.3 billion USD, an 8 percent increase from the same quarter a year earlier. USDC onchain transaction volume rose 49 percent to 13.9 trillion USD. Circle also reported that USDC circulation at the end of the quarter was 73.9 billion USD, broadly unchanged year over year.
The issuer linked the quarter to broader institutional and payments activity. In its third-quarter results, Circle cited developments involving Visa, Binance, Samsung Wallet and other payments partners. The company said Visa Direct stablecoin prefunding had moved from pilots to commercial deployment, while Samsung Wallet enabled eligible US users to send USDC to qualifying bank accounts in more than 60 countries.
Lower returns pressure reserve income
Greater circulation and transaction volume did not translate into higher reserve income. Circle reported reserve income of 658 million USD, down 8 percent year over year. The company attributed the decline primarily to a 61-basis-point fall in the reserve return rate, partly offset by the increase in average USDC circulation.
Circle's total revenue and reserve income reached 865 million USD, up 17 percent, while net income from continuing operations rose 5 percent to 226 million USD. The result included 207 million USD of other revenue, which increased 627 percent year over year and included 182 million USD from an ARC token presale. That one-time contribution is relevant when assessing the quarter's reported growth because it does not represent recurring USDC reserve income.
Stablecoin context for investors
The USDC price near 1 USD means the token's immediate market movement is less informative than circulation, transaction activity, reserve returns and redemption infrastructure. The latest figures point to stronger usage, but also show that Circle's reserve-income performance remains sensitive to interest-rate conditions. Investors should therefore distinguish the stablecoin's intended price stability from the issuer's operating and earnings risks.
Further coverage is available on the USDC topic page.
