Circle generated about $1.4 billion in revenue in the first half of 2026, according to Chief Commercial Officer Kash Razzaghi. About $819 million, or 59%, went to USDC distribution partners and transaction costs; another $473 million, or roughly 34%, went to licensing, banking, liquidity, compliance and product work. That left approximately 7% as net profit.
Circle says customers using its Payments Network and eligible Circle Platform clients can access free, near-real-time USDC redemptions around the clock. Standard redemptions remain free and typically settle within two business days. Circle says USDC processed more than $36 trillion in onchain transactions in the first half of 2026.
