Who Earns the Interest on Your USDC?
Photo: Coindoo
Key Takeaways Coinbase-linked costs absorbed $324.6M of $701.3M. Circle kept $48.2M after costs and tax. Average USDC rose 25%; reserve income only 5%. Holder rewards come from platforms, not reserves. Where every $100 went Split into shares of $100, Circle’s quarter looks like this, based on its second-quarter results filed with the SEC on August 5: $46.30 Coinbase-linked distribution costs $12.50 other distribution, transaction and related costs $36.30 operating expenses: staff, technology, administration $4.90 operating income, rising to about $6.90 of net income after other income and tax In dollars, the quarter ran as follows: Total revenue and reserve income…
Source: Coindoo
