USDC processed $36 trillion in H1 transactions, but Circle kept just 7 cents of every revenue dollar
Stablecoin issuer Circle spent 93% of its first-half revenue on distribution, operations, and investment as USDC processed more than $36 trillion in transactions. The stablecoin issuer generated about $1.4 billion in revenue in the first six months of 2026, but $819 million went to distribution partners and transaction costs, while another $473 million covered operating… Read the full story on…
Circle's USDC stablecoin processed over $36 trillion in transactions in the first half of 2026, but the issuer kept only about 7 cents of every revenue dollar. Of roughly $1.4 billion in revenue, $819 million went to distribution partners and transaction costs, with another $473 million covering operating expenses. The thin margin highlights how costly it is to scale a regulated stablecoin, a factor traders may weigh when assessing Circle's equity and USDC's competitive position versus rivals like Tether.
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49M AGOYou’re reading thisUSDC processed $36 trillion in H1 transactions, but Circle kept just 7 cents of every revenue dollarCryptoSlate · Score 25
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5H AGOThe Block · Score 25 · via H1, $819M
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8H AGOCrypto Briefing · Score 45 · via $819M, Circle
