USDC is growing. How much of the income does Circle keep?

Circle’s November 4 earnings will follow a quarter in which distribution and transaction costs absorbed nearly 59% of revenue and reserve income. Its filings show that the amount retained still grew, while new payments and blockchain products bring different sources of income and expense. Circle has scheduled its third-quarter results for November 4 after retaining $288.845 million of second-quarter revenue and reserve income before operating expenses, with distribution, transaction and other costs taking nearly 59% of the total. Circle’s earnings announcement says management will discuss the results at 8 am ET on Wednesday. Its previous financial statements provide the comparison for how circulation, interest rates and payments to partners affect the income left inside the company.

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