Circle reported about $1.4 billion in revenue in the first half of 2026. According to Odaily, about $819 million, or 59% of revenue, went to USDC distribution-partner revenue sharing and transaction costs. The company also spent about $473 million, or 34% of revenue, on infrastructure, including licensing, banking partnerships, settlement liquidity, compliance and product development. Net profit accounted for about 7% of revenue.

USDC on-chain settlement volume exceeded $36 trillion during the half, while total issuance and redemptions topped $315 billion, averaging about $1.7 billion per day. By June, USDC’s share of global stablecoin transaction volume had risen to about 77%, from 60% a year earlier.

Circle said more than 150 partners participate in revenue sharing in the USDC ecosystem, with partners able to earn a share of reserve income by increasing their USDC holdings. All Circle customers can redeem USDC for free through standard channels, typically settling within two business days. Eligible Circle Payments Network and Circle Platform customers can also access free, near-real-time redemptions around the clock.