DeFi· ★★★· neutral·

Circle discloses USDC economics: $819M to partners and fees in first half

  • —Circle's H1 2026 revenue was about $1.4 billion
  • —$819 million went to distribution partners and transaction fees
  • —$473 million was reinvested in infrastructure, compliance and products
  • —USDC handled 77% of global stablecoin transaction volume in June
Why it matters: Circle is opening its books to defend its model against new stablecoin rivals ahead of Q3 results on November 4.
#USDC
Source: Coin Academy
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