Circle Processes $32 Trillion in USDC Transfers
Reserve income supplied 95.2 percent of Circle's Q2 revenue despite high transfer volume.
CryptoSlate posted that USDC recorded $32 trillion in on-chain transfers through August. The account stated that reserve income still supplied 95.2 percent of Circle's Q2 revenue. The post noted the gap between usage and earnings from interest. It added that Arc's September 16 launch will test the current revenue model. The linked article repeated the same transfer total and revenue split ahead of the launch.
Combined views
1 post, first seen 4d ago
Circle Processes $32 Trillion in USDC Transfers
Reserve income supplied 95.2 percent of Circle's Q2 revenue despite high transfer volume.
CryptoSlate posted that USDC recorded $32 trillion in on-chain transfers through August. The account stated that reserve income still supplied 95.2 percent of Circle's Q2 revenue. The post noted the gap between usage and earnings from interest. It added that Arc's September 16 launch will test the current revenue model. The linked article repeated the same transfer total and revenue split ahead of the launch.