[Circle: USDC Accounts for 79% of Stablecoin Trading Volume, CPN Annualized Payments Exceed $58 Billion] According to Circle's earnings call and Q3 financial report, USDC accounted for 79% of total stablecoin trading volume in Q3, up from 66% in the same period last year; USDC on-chain transaction volume reached $13.9 trillion, a year-on-year increase of 49%; USDC minting and redemption totaled approximately $208 billion in the quarter, a record high; reserve return was 3.54%, a year-on-year decrease of 61 basis points. The annualized payment volume of the payment network CPN at the end of the quarter was $41 billion, a year-on-year increase of approximately 15 times, and has now exceeded $58 billion, with 205 financial institutions already connected. The Arc mainnet launched on September 16th, with 11 founding validators and over 100 applications.