المنشور
taishiro
• Revenue diversification: Other revenue reached $75.2M in H1. Can subscriptions, payment infrastructure, transaction services and Arc develop into meaningful recurring revenue streams? The ARC presale contribution also needs to be separated from recurring business.
• Distribution economics: Can Circle grow USDC adoption without giving away too much of the economics to its partners?
USDC growth is one side of the story.
#CircleQ3USDCGrowth
taishiro
In H1 2026, Circle generated approximately $1.4B in revenue and reserve income, while $819M went to distribution partners and transaction costs. That's roughly 59 cents of every dollar.
A few things I'll be looking at in tomorrow's report:
• Reserve income and margins: How much is Circle retaining after distribution payments, particularly its Coinbase arrangement?
• Interest rates: How much pressure is lower reserve yields putting on income, and can USDC circulation growth compensate?
إخلاء المسؤولية: يُقدَّم محتوى OKX Orbit لأغراض إرشادية فقط. اعرف المزيد
الردود
لا تعليقات حتى الآن. كُن أول من يرد!
العملات الرقمية الرائجة
BTC/USDTBitcoin
$74,945.1-0.01%
ETH/USDTEthereum
$2,143.38-0.04%
OKB/USDTOKB
$99.71-0.03%
الموضوعات الرائجة في السوق اليوم
1#مسؤول في الاحتياطي الفيدرالي يقول إن التضخم لا يزال أكبر خطر
2#تسببت مبيعات AI في الأسهم الأمريكية في تبخر 2.3 تريليون دولار من مؤشر ناسداك في يوم واحد
3#تقرير RocketLab المالي المتوقع: كيف هو تقدم صاروخ Neutron؟
