💵 Circle made $1.4 billion in the first half of the year, but only 7 cents of every dollar actually stayed in its pocket?
On October 16, USDC issuer Circle broke down where its revenue went in the first half of 2026 in an official blog post. The figures are a little counterintuitive.
🔍 Key takeaways
• First-half revenue, including reserve income, was about $1.4 billion
• About $819 million (roughly 59%) went to USDC distribution partners and transaction costs
• About $473 million (roughly 34%) was invested in infrastructure, compliance, and product development
• Circle kept about 7 cents in net profit for every $1 of revenue
• USDC’s on-chain transaction volume exceeded $36 trillion in the first half of the year. In June, it accounted for about 77% of global stablecoin transaction volume, up from roughly 60% in the same period last year
📌 Why disclose this now?
The backdrop is that partners such as Coinbase are also backing rival Open USD, which aims to share more reserve income with partners. Circle wants to make the case that this income must also cover redemptions, compliance, and liquidity—and that generous revenue sharing is the cost of growing its network.
Based on SEC filing data, the net margin was about 7.4%. Meanwhile, declining yields on reserves are also limiting room for growth.
📊 Where BTC stands now (Binance spot)
Current price: about $82,090; two-week range: $79,800–$84,352
• Support: $80,684 → $79,800
• Resistance: $83,158 → $84,352
The stablecoin landscape is a medium- to long-term narrative. In the short term, BTC is still driven mainly by macroeconomic data and the Federal Reserve meeting on October 28.
🤔 In the stablecoin issuers’ “revenue-sharing battle,” who do you think will come out on top: the biggest players, or those that share more with partners? Join the discussion in the comments 👇
👉 Trade BTC: https://www.binance.com/zh-CN/trade/BTC_USDT
#Circle上半年营收约14亿美元 #USDC #稳定币 #BTC
⚠️ This is not investment advice. Please be aware of the risks.
On October 16, USDC issuer Circle broke down where its revenue went in the first half of 2026 in an official blog post. The figures are a little counterintuitive.
🔍 Key takeaways
• First-half revenue, including reserve income, was about $1.4 billion
• About $819 million (roughly 59%) went to USDC distribution partners and transaction costs
• About $473 million (roughly 34%) was invested in infrastructure, compliance, and product development
• Circle kept about 7 cents in net profit for every $1 of revenue
• USDC’s on-chain transaction volume exceeded $36 trillion in the first half of the year. In June, it accounted for about 77% of global stablecoin transaction volume, up from roughly 60% in the same period last year
📌 Why disclose this now?
The backdrop is that partners such as Coinbase are also backing rival Open USD, which aims to share more reserve income with partners. Circle wants to make the case that this income must also cover redemptions, compliance, and liquidity—and that generous revenue sharing is the cost of growing its network.
Based on SEC filing data, the net margin was about 7.4%. Meanwhile, declining yields on reserves are also limiting room for growth.
📊 Where BTC stands now (Binance spot)
Current price: about $82,090; two-week range: $79,800–$84,352
• Support: $80,684 → $79,800
• Resistance: $83,158 → $84,352
The stablecoin landscape is a medium- to long-term narrative. In the short term, BTC is still driven mainly by macroeconomic data and the Federal Reserve meeting on October 28.
🤔 In the stablecoin issuers’ “revenue-sharing battle,” who do you think will come out on top: the biggest players, or those that share more with partners? Join the discussion in the comments 👇
👉 Trade BTC: https://www.binance.com/zh-CN/trade/BTC_USDT
#Circle上半年营收约14亿美元 #USDC #稳定币 #BTC
⚠️ This is not investment advice. Please be aware of the risks.