Circle discloses first-half revenue 1400000000 USD and USDC expanded redemption mechanism

AT A GLANCE

Circle said 2026 first-half revenue was approximately 1400000000 USD, with approximately 93%used for partners, transactions, and operating expenses.

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Circle: Revenue in the first half 1400000000 USD, with nearly used for partners and transaction costs

BlockBeats reported that October 16，Circle on October 16 announced that 2026 in the first half of USDC on-chain settlement volume exceeded 36000000000000 USD，Circle minted and redeemed during the same period exceeded USDC in volume, averaging approximately 315000000000 USD per day. The company said that, as of 1700000000 USD June，USDC accounted for approximately 77%of global stablecoin trading volume, up from 1 years ago at 60%Of greater interest to the market is the revenue distribution of USDC.Circle disclosed that the company generated approximately 1400000000 USD in revenue in the first half, of which approximately 819000000 USD was used for USDC distribution partners and transaction costs, representing approximately 59%of revenue; a further approximately 473000000 USD was invested in licensing, banking partnerships, settlement liquidity, compliance systems, product development, and multichain deployment, accounting for approximately 34%. According to the announcement,Circle for every 1 USD in revenue, it ultimately retains only approximately 7 cents in net profit.

The announcement may be responding to market concerns that stablecoin issuers exclusively retain reserve income.Circle stated that partners can share the corresponding reserve income by holding and expanding USDC balances on their own platforms; more than 150 trading platforms, wallets, banks, fintech companies, payment platforms, and enterprises have now formed economic-interest ties with growth in USDC.Circle also mentioned that Binance on September signed a 5-year commercial agreement with it and invested Circle in 100000000 USD.

At the product level,Circle announced an expansion of its free redemption mechanism: all Circle customers can still redeem USDC for free through traditional banking channels, with funds typically arriving within business days; eligible customers making payments through Circle Payments Network or using products such as Arc and Circle Mint、Circle Wallets will have access to free, near-instant redemption.

Original link https://m.theblockbeats.info/flash/372266

Key points

Circle on October 16 announced that 2026 first-half USDC on-chain settlement volume exceeded 36000000000000 USD。
During the same period,Circle minted and redeemed USDC exceeded 315000000000 USD, averaging approximately 1700000000 USD。
Circle said that, as of June，USDC accounted for approximately 77%，1 years ago it was 60%。
Circle disclosed first-half revenue of approximately 1400000000 USD, of which approximately 819000000 USD was used for USDC distribution partners and transaction costs, accounting for approximately 59%。
A further approximately 473000000 USD was invested in licensing, banking partnerships, settlement liquidity, compliance systems, product development, and multichain deployment, accounting for approximately 34%。
The announcement states that Circle for every 1 USD in revenue, it ultimately retains only approximately 7 cents in net profit.
Circle said that more than 150 trading platforms, wallets, banks, fintech companies, payment platforms, and enterprises have formed economic-interest ties with growth in USDC.
Circle mentioned that Binance on September signed a 5-year commercial agreement with it and invested Circle in 100000000 USD。
All Circle customers can still redeem USDC for free through traditional banking channels, with funds typically arriving within business days.
Customers making payments through Circle Payments Network or using Arc,Circle Mint、Circle Wallets, and other products will have access to free, near-instant redemption if eligible.

AI-assisted interpretation

The following is analysis, separate from reported facts. Verify important claims independently.

The announcement mainly explains Circle how USDC related revenue is allocated: approximately 59%is used for distribution partners and transaction costs, and approximately 34%is used for licensing, banking partnerships, liquidity, compliance, product development, and multichain deployment.Circle It also states that certain eligible customers will receive free, near-instant USDC redemption.

Why it matters to readers

These figures show that Circle most of the revenue disclosed was used for partners, transactions, and operating expenses; expanding the redemption mechanism may affect the ease with which eligible customers redeem USDC.

Beginners should focus on points:Circle the disclosed revenue does not equal the profit ultimately retained; “free, near-instant redemption” applies only to eligible customers, and the specific eligibility requirements require further confirmation.

Risks and unknowns

The report did not provide the original link to the Circle announcement, so the key figures and statistical methodology still require verification.
“Approximately 7 cents in net profit” is not defined in the evidence.
Customer eligibility, geographic coverage, and actual settlement performance for free, near-real-time redemptions have not been disclosed.
Binance 5 The specific terms and execution results of the __BIBIBI_NUM_0__-year commercial agreement have not been disclosed.
Whether the announcement was intended to address market doubts is only media speculation and cannot be confirmed.

Circle discloses first-half revenue 1400000000 USD and USDC expanded redemption mechanism

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