Circle defends USDC model, reveals just 7 cents profit per dollar

Circle disclosed that it earns only about 7 cents of profit per dollar of USDC, defending its stablecoin model against competitors that offer higher payouts to holders. The low margin reflects the cost of maintaining compliance infrastructure and highlights competitive pressure in the stablecoin market. Traders may watch whether Circle can sustain its share against yield-paying rivals, but the disclosure itself is informational rather than a price catalyst.