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 funding as USDC processed greater than $36 trillion in transactions. The stablecoin issuer generated about $1.4 billion in revenue in the primary six months of 2026, but $819 million went to distribution companions and transaction prices, whereas one other $473 million lined working…

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