Circle Says 59 Cents of Each Revenue Dollar Went to USDC Partners and Transaction Costs

Circle Says 59 Cents of Each Revenue Dollar Went to USDC Partners and Transaction Costs

In a post answering unnamed new stablecoin issuers, Circle said it kept 7 cents of net profit per dollar of first-half 2026 revenue and spent 34 cents on licenses, banking and other infrastructure.

Circle Pays $819M to Partners, Keeps 7% of $1.4B Revenue

Circle Internet Group (NYSE: CRCL) disclosed that approximately 59% of its $1.4 billion in first-half 2026 revenue went toward USDC distribution, transaction costs and partner payments, leaving the stablecoin issuer with a net profit margin of roughly 7% as competition intensifies over the economics of digital dollars.In an October 16 statement, Circle said it paid approximately $819 million to distribution partners and toward transaction costs,…

Circle Spent 59% of First-Half Revenue on USDC Partners and Transaction Costs

USDC settled more than $36 trillion in onchain transaction volume, while Circle minted and redeemed more than $315 billion of the stablecoin.

​Circle says USDC settled $36T in H1 2026, revenue hits $1.4B

Circle Reports $1.4B H1 Revenue As USDC Costs Reach 59%

Circle generated approximately $1.4 billion in revenue and reserve income during the first half of 2026, but 59% went toward USDC distribution partners and transaction costs. The stablecoin issuer highlighted these figures as part of its case for investing in the infrastructure behind USDC, which processed more than $36 trillion in onchain transaction volume during the period. The numbers illustrate both the scale of USDC adoption and the cost o…