Circle disclosed that its revenue for the first half of 2026 was approximately $1.4 billion, of which $819 million (59%) was paid to USDC distribution partners and for transaction costs. Another $473 million (34%) was spent on licensing, banking relationships, settlement liquidity, compliance, and product development, resulting in a net profit of approximately 7%. Circle also stated that customers using the Circle Payment Network (CPN) and eligible Circle platform customers can now redeem USDC for free, 24/7, and in near real-time. According to Circle, USDC on-chain transaction volume exceeded $36 trillion in the first half of 2026, accounting for approximately 77% of global stablecoin transaction volume in June.