Circle Reports $1.4 Billion Revenue and Approximately 7% Net Profit Margin for First Half of 2026

Circle reported approximately $1.4 billion in revenue for the first half of 2026, with $819 million (59%) allocated to payments and transaction costs for USDC distribution partners, and $473 million (about 34%) spent on licensing, banking partnerships, liquidity, compliance, and other expenses. The net profit accounted for about 7% of the revenue. Circle holds over 55 licenses and registrations, has established partnerships with more than 25 banks, and has deployed native USDC on over 35 blockchains. Users of the Circle Payments Network and eligible Circle Platform customers can redeem USDC nearly in real-time for free year-round, with standard redemptions typically completed within two business days. In the first half of the year, the minting and redemption of USDC exceeded $315 billion. The on-chain transaction volume of USDC surpassed $36 trillion in the first half of 2026, accounting for approximately 77% of the global stablecoin transaction volume in June; the minting and redemption volume in the second quarter reached $170 billion, a year-on-year increase of 105%.

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