USDC Processed $36 Trillion in First-Half Transactions While Circle Retained 7% of Revenue
(2 hours ago) · 1 source · Summarized by CryptoBipto
Circle, the issuer of the USDC stablecoin, processed $36 trillion in transactions during the first half of the year. Despite the massive transaction volume, the company reportedly kept only about 7 cents of every dollar of revenue it generated, highlighting the thin margins in the stablecoin business.
WHY IT MATTERS
A stablecoin like USDC is a digital token designed to always be worth one US dollar. Think of it like a digital dollar that moves on blockchain networks instead of through banks. Circle is the company that creates and manages USDC. When the report says USDC processed $36 trillion, it means that much value was transferred using USDC — similar to how Visa or Mastercard process payments, but on crypto networks. The fact that Circle kept only 7 cents of every revenue dollar is like a store that sells $100 worth of goods but only makes $7 in profit before other expenses. This matters because it shows that even though stablecoins move huge amounts of money, the companies behind them may not earn as much as you might expect from those large numbers.
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