Circle processed $32 trillion in USDC transfers, yet 95% of its revenue relies entirely on interest rates
Comments Off on Circle processed $32 trillion in USDC transfers, yet 95% of its revenue relies entirely on interest rates
September 1, 2026
Adjusted USDC transfer volume reached $32 trillion in 2026 through Coin Metrics’ August measurement, with each dollar of supply turning over 741 times at an annualized rate. Those figures signal reach and settlement intensity. Circle’s…