EconomyCircle Processed $32 Trillion in USDC Transfers, Yet 95% of Revenue Depends on Interest Rates
Coin Metrics measured $32 trillion in adjusted USDC transfer volume through August 2026, a figure that reflects onchain movement rather than consumer payments or net settlement. Circle reported $701.3 million in second-quarter revenue and reserve income, with $667.7 million, or 95.2%, coming from reserve assets; transaction revenue was only $5.3 million. The figures show crypto-market usage, but not a toll collected on every transfer.
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CryptoSlate★★☆☆☆2026-09-02 00:35Original
Circle Processed $32 Trillion in USDC Transfers, Yet 95% of Revenue Depends on Interest Rates
Economy