📊 DATA:
USDC moved an impressive $32T on-chain through August, showing just how massive stablecoin activity has become.
But there’s an interesting gap: Circle still generated 95.2% of its Q2 revenue from reserve income rather than transaction activity.
USDC usage is growing at scale, yet Circle’s business model remains heavily tied to interest rates. With Arc set to launch on September 16, the real test will be whether transaction-based revenue can become a bigger part of the story. 👀
#USDC #Circle #Stablecoins #CryptoNews #blockchain
USDC moved an impressive $32T on-chain through August, showing just how massive stablecoin activity has become.
But there’s an interesting gap: Circle still generated 95.2% of its Q2 revenue from reserve income rather than transaction activity.
USDC usage is growing at scale, yet Circle’s business model remains heavily tied to interest rates. With Arc set to launch on September 16, the real test will be whether transaction-based revenue can become a bigger part of the story. 👀
#USDC #Circle #Stablecoins #CryptoNews #blockchain
