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How Circle Earns Revenue From USDC Reserves and Its Cost Structure

November 1, 2026, 9:08 AM UTC (2 hours ago) · 1 source · Summarized by CryptoBipto

An analysis examines how Circle generates income from the reserves backing its USDC stablecoin, primarily through interest earned on those reserves. The piece explains why the gross reserve income figure should not be confused with the company's actual profit, given Circle's significant operating costs and revenue-sharing arrangements.

WHY IT MATTERS

Stablecoins like USDC are digital tokens designed to always be worth one U.S. dollar.

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SOURCES

thedefiant.io

USDCStablecoinsUSDCCircleBusiness ModelsRevenue

Learn the concepts behind this

Clear explanations of the subjects this article touches, with every term defined.

What are stablecoins, NFTs and tokenized assets?What stablecoins are and how they hold a steady value, what an NFT represents, and what it means to tokenize a real-world asset.