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10/17/2026

Circle Discloses $819M USDC Revenue Payout to Partners in H1 2026

What happened: Circle revealed it generated approximately $1.

Circle Discloses $819M USDC Revenue Payout to Partners in H1 2026

What happened: Circle revealed it generated approximately $1.4 billion in revenue from USDC in the first half of 2026, distributing $819 million (59%) to partners and transaction costs, and reinvesting $473 million (34%) into infrastructure, compliance, and product development. Net profit accounted for about 7% of revenue. USDC settled over $36 trillion onchain in H1, with its market share rising to 77% of global stablecoin volume in June. Coinbase reportedly receives about half of partner distributions.

Why it matters: The disclosure offers rare transparency into stablecoin economics and addresses criticism that issuers over-retain revenue. Circle's partner-heavy payout structure may help defend its position as regulatory scrutiny and competition intensify. The scale of USDC settlement volumes highlights the growing importance of stablecoins in global payments.

Source: The Block