Exchanges· ★★★· neutral·

Circle's USDC distribution costs hit $412.5M in Q2

  • —Q2 revenue and reserve income totaled about $701.3 million
  • —USDC distribution costs reached $412.5 million
  • —Results were published on Aug 5
Why it matters: Distribution costs show how much Circle pays partners to circulate USDC, directly shaping the issuer's margins.
#USDC
Source: Coinotag
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