Circle's USDC Hits $36T Transaction Milestone Amid $1.4B Revenue Surge
Circle reports $1.4 billion in H1 2026 revenue as USDC's onchain transaction volume surpasses $36 trillion.
Circle reports $1.4 billion in H1 2026 revenue as USDC's onchain transaction volume surpasses $36 trillion. USDC (USDC) is trading at $0.9997. This is an original TLT brief synthesising 2 outlets (Crypto Economy, Unchained), plus live market data, as of Fri, 16 Oct 2026 20:00:04 UTC.
The milestone underscores USDC's growing dominance in the stablecoin market and Circle's significant revenue generation, highlighting the increasing institutional adoption and economic activity facilitated by stablecoins.
- USDC's onchain transaction volume reached $36 trillion in June 2026.
- Circle generated $1.4 billion in H1 2026 revenue.
- USDC accounts for 77% of global stablecoin transaction activity.
- Circle allocated 34 cents per dollar to infrastructure and compliance.
Both Crypto Economy and Unchained report that Circle generated $1.4 billion in revenue during the first half of 2026, with Unchained providing additional detail on the cost breakdown. They agree that USDC's onchain transaction volume surpassed $36 trillion in June, representing 77% of global stablecoin activity. However, Unchained uniquely reports that Circle retains 7 cents of net profit per dollar of revenue, while spending 34 cents on licenses, banking, and infrastructure.
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- Circle Aims to Expand USDC Access in 40 New Markets
- Circle's USDC Hits $36T Transaction Milestone Amid $1.4B Revenue Surge — this brief
Circle has reported $1.4 billion in revenue for the first half of 2026, with a significant portion of this revenue coming from its stablecoin 
USDC. The company allocated $819 million to distribution partners and transaction costs, according to multiple outlets.
USDC has reached a new milestone, with onchain transaction volume surpassing $36 trillion in June 2026. This figure represents approximately 77% of global stablecoin transaction activity for the month, up from 60% a year earlier, as reported by Crypto Economy.
Unchained provides additional insight into Circle's financial operations, noting that the company retains 7 cents of net profit per dollar of revenue. Furthermore, Circle spends 34 cents per dollar on licenses, banking services, and other infrastructure costs, according to a post addressing new stablecoin issuers.
The USDC circulating supply currently stands at $72.66 billion, as verified by DeFiLlama. This figure underscores the stablecoin's significant presence in the cryptocurrency market.
In the broader market context, the total crypto market cap is $2.79 trillion, with 
Bitcoin experiencing a 24-hour decline of 1.64%. The Fear & Greed Index is at 63, indicating a state of 'Greed'. USDC's price remains stable at $0.999772, with minimal movement over the past week.
Since this brief published about 1 hour ago, USDC (USDC) has moved from $0.9998 to $0.9997 — -0.00%.
The chart plots USDC's price: grey is the move before this brief published, the vertical dashed line marks the moment it published, the horizontal dashed line is the price then, and the coloured area is the move since — from TLT's market data (daily resolution). It shows what happened after the news, not that the news caused it; many factors move prices. Not financial advice.
At today's peer-to-peer rate, 1 USDC ≈ ₦1,363.49 (about $0.9997), up 0.0% over 24 hours. The naira itself trades about 2.5% above the official rate on the P2P market, so a Nigerian buyer's effective cost differs from the headline dollar price.
Live market data
Current prices for the asset in this story — live, source-stamped, updated every 15 minutes.
Figures and sectors in this story, checked live against on-chain aggregators · October 16, 2026.
TLT reads these figures directly from on-chain aggregators (DeFiLlama, mempool.space) at build time — independent of what any outlet reported. Sector totals aggregate every protocol DeFiLlama tracks in that category. Values are live and will change.
Circle's USDC Hits $36T Transaction Milestone Amid $1.4B — questions & answers
How much revenue did Circle generate in H1 2026?
Circle generated $1.4 billion in revenue during the first half of 2026.
What is USDC's onchain transaction volume milestone?
USDC's onchain transaction volume surpassed $36 trillion in June 2026.
What percentage of global stablecoin transactions does USDC account for?
USDC accounts for 77% of global stablecoin transaction activity.
How much is 1 USDC worth in naira today?
About ₦1,363.49 at the live peer-to-peer (P2P) USDT rate, which is what Nigerians typically trade at — equivalent to roughly $0.9997. The naira price moves with both USDC's US-dollar price and the USDT/NGN rate; use our USDC in naira page for any amount.
Which outlets reported this story?
This is an original TLT brief that synthesises reporting from Crypto Economy, Unchained, with the key figures cross-checked for agreement across them. It is not a copy of any one article — follow the source links above for the original reporting.
Original summary — not financial advice. This is an original TLT brief that summarises a development reported elsewhere and adds live market data for context; it is not the original article and reproduces no part of it. Follow the source link above for full details. Crypto is volatile and high-risk — always do your own research.