Exchanges· ★★★· neutral·

Circle books $1.4B USDC revenue in H1 2026 but keeps only 7% as profit

  • —Circle's H1 2026 revenue was about $1.4 billion
  • —59% of revenue ($819M) went to distribution partners and transactions
  • —$473M spent on licences, banking, liquidity and compliance
  • —Net profit of $98M equals 7% of revenue; USDC settled $36 trillion
Why it matters: A 7% margin shows stablecoin competition is shifting from issuance to scaling global infrastructure without eroding profit.
#USDC
Source: Newsbit
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