Circle reported that its USDC stablecoin saw $14.8 trillion in on-chain transaction volume in Q2 2026, a 151% increase year over year, with daily volume averaging $163 billion. Despite this massive transaction volume, nearly 95% of Circle's revenue—about $667.7 million out of $701.3 million total—comes from interest earned on reserves backing USDC, primarily US Treasuries and cash equivalents. Transaction fees contributed only $5.3 million to revenue. Circle's Payments Network also showed strong growth, with $14.7 billion in annualized volume across 175 institutions, up 76% quarter over quarter. This highlights strong demand for on-chain dollars but also shows Circle's earnings remain heavily dependent on interest rates rather than transaction fees, with future growth potentially tied to expanding payment network activity.
Circle's USDC activity is highlighted here with Pluang's market snapshot as of Oct 08, 2026 20:13 WIB: Among 50 major cryptocurrencies on Pluang, 22 rose and 27 fell today. BAL (Balancer) led gains with a 11.14% increase to Rp16.297, surpassing EOS (EOS.IO) which rose 8.13% to Rp12.649, and ALGO (Algorand) which gained 7.89% to Rp2.255, where 71% of Pluang orders were buys. Typical hold times ranged from 85 to 129 days across these assets.
Pacira BioSciences was downgraded from Buy to Hold by Needham following Viatris's announcement to acquire the company for $36.50 per share, valuing it at about $1.65 billion. The deal is expected to close by late 2026 and will enhance Viatris's portf...
Seaport Global increased Shopify's price target from $175 to $180, reflecting an 8.3% upside from the current price of $166.16. Shopify's shares have surged 80% since May, pushing its market value above $205 billion. The rally is driven by a strategi...
Tesco reported earnings per share of $0.69, beating estimates of $0.64, despite revenue falling short at $44.60 billion versus $49.60 billion expected. The UK supermarket raised its full-year adjusted operating profit forecast to £3.15-3.30 billion, ...
CIQ has released Fuzzball 4.3, a platform that enables enterprises to deploy validated open-weight AI models and agents on their existing GPU infrastructure with a single command. This update simplifies operationalizing AI by automatically connecting...
As of September 30, 2026, Societe Generale's share capital consists of 739,264,232 shares with a total of 821,169,560 voting rights. The bank highlights its strong global presence with 110,000 employees serving 27 million clients across 58 countries....
