Circle has disclosed how revenue from $USDC is distributed across its payment and liquidity network. In the first half of 2026, it generated about $1.4 billion in revenue, paid $819 million to distribution partners and transaction costs, and spent roughly $473 million on infrastructure, compliance, banking relationships and product development.
Circle also detailed redemption access: standard redemptions remain free and generally settle within two business days. Eligible businesses using Circle Payments Network or #Circle Platform services can now redeem USDC near real time at no cost. The company says it pre-positions cash at banking partners to support this liquidity.
Circle reported over $36 trillion in USDC on-chain transaction volume during H1. That figure is transaction volume, not new #token issuance, reserve growth or net capital inflow.
Circle also detailed redemption access: standard redemptions remain free and generally settle within two business days. Eligible businesses using Circle Payments Network or #Circle Platform services can now redeem USDC near real time at no cost. The company says it pre-positions cash at banking partners to support this liquidity.
Circle reported over $36 trillion in USDC on-chain transaction volume during H1. That figure is transaction volume, not new #token issuance, reserve growth or net capital inflow.