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October 16, 2026 2:08 pm
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USDC issuer Circle generated about $1.4 billion in revenue in the first half of this year, The Block reported. Of that, $819 million was spent on payments to USDC distribution partners and transaction costs, while about $473 million was reinvested in infrastructure, regulatory compliance and product development. Circle said it retained about 7 cents in net profit for every dollar of revenue, implying estimated net profit of about $98 million. Meanwhile, USDC’s on-chain transaction volume reached $36 trillion.