Circle Reveals $819 Million USDC Payouts As Stablecoin Economics Come Under Scrutiny
TL;DR: Circle says it generated roughly $1.4 billion in first-half 2026 revenue while spending $819 million on distribution partners and related costs. The disclosure highlights the expense of building a widely used stablecoin payment network. Circle’s USDC business is generating substantial revenue, but its latest disclosures show how much of that income is needed to support distribution and infrastructure. The…
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TL;DR: Circle says it generated roughly $1.4 billion in first-half 2026 revenue while spending $819 million on distribution partners and related costs. The disclosure highlights the expense of building a widely used stablecoin payment network. Circle’s USDC business is generating substantial revenue, but its latest disclosures show how much of that income is needed to support distribution and infrastructure. The…
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