Circle Internet Group has released a flagship report titled "Beyond Stablecoins: The Rise of the Internet Financial System," outlining a new global economic architecture based on public blockchains, regulated stablecoins, and programmable infrastructure. The report details three core pillars: regulated stablecoins USDC and EURC, the Arc blockchain, and the Circle payment network. It highlights significant growth indicators for 2025, including USDC on-chain transaction volume reaching $9.6 trillion in Q3 (a 680% year-over-year increase) and the Circle payment network's annualized transaction volume reaching $3.4 billion. CEO Jeremy Allaire stated that the report demonstrates the rise of an open, programmable internet economy.

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