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Circle Reports $819 Million Went to USDC Partners and Costs in First Half of 2026

(3 hours ago) · 1 source · Summarized by CryptoBipto

Circle has disclosed details of its USDC revenue split, revealing that $819 million was allocated to partners and operational costs during the first half of 2026. The disclosure provides a closer look at how the stablecoin issuer distributes the revenue generated from its reserve assets.

WHY IT MATTERS

Stablecoins like USDC are digital tokens designed to always be worth one U.S. dollar. The company behind USDC, Circle, makes money by taking the real dollars people deposit and investing them in safe assets like government bonds. Think of it like a bank earning interest on deposits, except the depositors do not receive that interest directly. Instead, Circle shares some of that income with business partners, such as crypto exchanges, who help distribute USDC to users. This report shows how much of that earned revenue goes to those partners versus staying with Circle, which helps people understand the economics behind one of the most widely used stablecoins.

Circle, the company behind the USDC stablecoin, has shared a breakdown of how it distributes the revenue earned from USDC reserves. Stablecoin issuers like Circle generate income primarily by investing the dollars that back their tokens in low-risk assets such as U.S.

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