S&P 5007,580.07▼1.8% Nasdaq25,437.00▼2.9% Dow51,770.31▼1.1% Russell 2K2,811.84▼1.7% 10-Yr4.93%−6bp VIX19.42+2.22 WTI$102.95▲0.9% Gold$3,884.90▼3.6% EUR/USD1.118▲0.2% BTC$77,846▲0.5% Nikkei64,659▲1.1%
At close · Sat, Oct 31, 2026
Daily Market Updates.

Crypto

Home›Crypto›Bitcoin›How Circle Makes Money From USDC,and Why Reserve Incom…

How Circle Makes Money From USDC,and Why Reserve Income Is Not Profit

Reported · Written up by our desk · Bitcoin

Circle’s second-quarter accounts trace $701.315 million in revenue and reserve income to $48.214 million in net income, after distribution costs, operating expenses and taxes.

← Newer storyEl Nino, weak monsoon behind Hong Kong’s warmest October in 142 years

More like this

CryptoDeFi Fees, Revenue and Holder Payouts: How the Money Flows
CryptoHow Pendle Principal Tokens Turn a Discount Into a Maturity Return
CryptoHow Staking Rewards Change Token Holdings and Supply Share
CryptoWhat Happens When a Uniswap v3 Position Goes Out of Range?
CryptoWhat Are Perpetual Funding Rates? A Worked SEI Example

Sources

The DefiantHow Circle Makes Money From USDC,and Why Reserve Income Is Not Profit

Get the close, explained.

One email every trading day: what moved, why it moved, and what's on deck tomorrow. Read in 3 minutes.

Free. Unsubscribe anytime.