Circle Spent 58.7% of H1 2026 Revenue on USDC Distribution and Transaction Costs

Stablecoin issuer Circle reported that 58.7% of its first-half 2026 revenue and reserve income went to distribution, transaction and other costs, a ratio the company laid out in a blog post published on October 16, 2026.

The half-year produced $1,395.4 million in revenue and reserve income against $819.3 million in costs associated with USDC distribution and transaction fees. This disclosure was made via both the company's official blog and an SEC filing.