
Circle posts 7.4% net margin for H1 2026 as partner payouts weigh
- —H1 2026 revenue and reserve income totaled $1.395 billion
- —Distribution and transaction costs reached $819.3 million, about 59 cents per dollar
- —Net income from continuing operations was $103.5 million
- —In September Circle renewed a five-year deal with Binance, which invested $100 million
Why it matters: Heavy partner payouts cap how much USDC revenue converts into profit, a key factor in judging the stablecoin issuer's economics.
Source: TokenPost
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