Circle Says 59 Cents of Each Revenue Dollar Went to USDC Partners and Transaction Costs
Photo: Unchained
Circle said it paid about $819 million of its roughly $1.4 billion in first-half 2026 revenue to USDC distribution partners and transaction costs, or about 59 cents of each revenue dollar. Kash Razzaghi , Circle’s chief commercial officer, disclosed the split in an Oct. 16 blog post. The post does not say how much of the $819 million went to partners and how much went to transaction costs. Another roughly $473 million , about 34 cents of each dollar, went back into the business, Razzaghi wrote, covering licenses, bank relationships, settlement liquidity, compliance, new products and blockchain integrations.
Source: Unchained
