Circle paid $819 million to USDC partners in the first half of 2026

The stablecoin issuer handed roughly 59% of its revenue to distribution partners and transaction costs, keeping about 7 cents per dollar as profit Circle made a lot of money in the first half of 2026. Then it gave most of it away. The USDC issuer paid $819 million to distribution partners and transaction costs over those six months. According to figures Circle reported on October 16, 2026, that equals around 59% of the roughly $1.4 billion in revenue the company brought in during the period. After the $819 million partner payout, Circle put most of the remaining income back into running the company. Roughly $473 million went to operating expenses, which Circle says covered licenses, banking relationships, compliance, and infrastructure. What was left over? About $98 million in net profit.

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