CircleCIRCLE
Circle processed $32 trillion in USDC transfers by 2026-09-02. Coin Metrics found market plumbing drove volume; 95% of revenue relies on interest, reserve income 95.2% of Q2.
Circle is a company with ticker CIRCLE. On 2026-09-02, it processed $32 trillion in USDC transfers. Coin Metrics analysis found market plumbing drove much of this volume. Despite the scale, 95% of Circle's revenue relies entirely on interest rates, with reserve income composing 95.2% of Q2 revenue. The recorded timeline reflects this same development. No founding date, country, sector, or technical details are documented. The revenue concentration presents a clear dependency on interest rate environments.
Overview
Circle is a company that processed $32 trillion in USDC transfers as of 2026-09-02. Coin Metrics found market plumbing drove much of that volume while reserve income supplied 95.2% of Q2 revenue. The company's financial profile shows heavy reliance on interest rates for income.
Recent developments
On 2026-09-02, newsroom coverage established that Circle processed $32 trillion in USDC transfers. Coin Metrics reported market plumbing drove much of the volume and that reserve income supplied 95.2% of Q2 revenue, meaning 95% of revenue relies on interest rates.
History
On 2026-09-02, Circle processed $32 trillion in USDC transfers, with 95% of its revenue reliant on interest rates according to Coin Metrics. No earlier origins or milestones are recorded.
Technology
Circle operates a network used for cross-border payments and supports USDC cross-chain transfers. Legacy V1-only routes include Noble and Sui; burn limits begin Oct. 31 and contracts pause Dec. 1.
Historical context
The only recorded timeline entry, dated 2026-09-02, matches the recent coverage about USDC transfer volume and revenue dependence on interest rates, showing no prior documented history.
Risk factors
Revenue concentration: 95% of Circle's revenue relies on interest rates, with reserve income supplying 95.2% of Q2 revenue, creating exposure to interest rate changes.
Outlook
Will Circle diversify revenue beyond interest income? How will fluctuations in interest rates affect its reserve income? To what extent does market plumbing rather than organic demand drive USDC transfer volume?
Latest coverage
20 storiesThe EURC listing on Upbit enhances euro accessibility in South Korea, potentially diversifying stablecoin markets and reducing reliance on USD. The post Circle’s EURC goes live on Upbit, giving South Korean traders direct access to euros appeared first on Crypto Briefing .
Nu Global's integration of stablecoins could accelerate cross-border financial inclusion, challenging traditional banking with seamless, cost-effective transfers. The post Nu integrates Circle stablecoins USDC and EURC into new global account with fee-free transfers appeared first on Crypto Briefing .
Holders can use supported exchanges, Noble DEXs or CCTP V1 beforehand; afterward, Circle’s manual redemption process requires approval. The post Circle’s Noble shutdown leaves Cosmos racing to move $92 million in USDC appeared first on CryptoSlate .
Circle's cirBTC offers 1:1 BTC-backed collateral for DeFi, aiming for institutional-grade standards with real-time reserve verification. (Read More)
Injective (INJ)USDC (USDC.inj) replaces Noble USDC across Cosmos and dYdX, streamlining stablecoin use with Circle's latest CCTP infrastructure. (Read More)
Circle will discontinue USDC and CCTP V1 support on Noble, urging users to migrate before January 12, 2027. Here's what you need to know. (Read More)
Timeline
80 recorded events- 10 Sept 2026DevelopmentInjective (INJ)USDC Becomes Cosmos Standard, Replacing Noble
Injective (INJ)USDC (USDC.inj) replaces Noble USDC across Cosmos and dYdX, streamlining stablecoin use with Circle's latest CCTP infrastructure. (Read More)
- 02 Sept 2026DevelopmentCircle processed $32 trillion in USDC transfers, yet 95% of its revenue relies entirely on interest rates
Coin Metrics found market plumbing drove much of the volume while reserve income supplied 95.2% of Q2 revenue. The post Circle processed $32 trillion in USDC transfers, yet 95% of its revenue relies entirely on interest rates appeared first on CryptoSlate .
- 28 Aug 2026DevelopmentCircle's USDC takes over Chelsea's jersey in Premier League first sponsorship deal
Financials were not disclosed, though reports from earlier this year suggested Chelsea was targeting 65 million pounds a year ($88.3 million) for the sponsorship berth.
- 28 Aug 2026DevelopmentCircle strikes Chelsea front-of-shirt sponsorship deal featuring USDC
The shirt design prominently features USDC by Circle on Chelsea's men's, women's, and academy shirts beginning this season.
- 28 Aug 2026DevelopmentChelsea remains without permanent shirt sponsor as Circle Internet Group link unconfirmed
Chelsea's ongoing lack of a permanent shirt sponsor highlights challenges in securing lucrative, long-term commercial partnerships. The post Chelsea remains without permanent shirt sponsor as Circle Internet Group link unconfirmed appeared first on Crypto Briefing .
- 28 Aug 2026DevelopmentCircle gives legacy USDC apps 95 days before old cross-chain transfer routes stop working
Burn limits start falling Oct. 31 before contracts pause Dec. 1, while Noble and Sui remain the only V1-only routes. The post Circle gives legacy USDC apps 95 days before old cross-chain transfer routes stop working appeared first on CryptoSlate .
- 27 Aug 2026PartnershipOpenPayd integrates Circle network to speed up cross-border payments
The integration could revolutionize global transactions by enhancing speed and efficiency, potentially transforming the digital economy landscape. The post OpenPayd integrates Circle network to speed up cross-border payments appeared first on Crypto Briefing .
- 24 Aug 2026DevelopmentBernstein sees new USDC growth cycle, sets $140 Circle price target
USDC supply increased by roughly $2 billion in seven days, with Bernstein citing higher transaction activity and several factors that could support further growth.
Quick facts
7 fields- Type
- Company
- Ticker
- CIRCLE
- Name
- Circle
- Blockchain
- n/a
- USDC Transfers Processed
- $32 trillion (2026-09-02)
- Revenue Reliance on Interest
- 95%
- Q2 Reserve Income Share
- 95.2%
Frequently asked
- What is Circle's revenue source concentration?
- Coin Metrics found that 95% of Circle's revenue relies on interest rates, with reserve income supplying 95.2% of Q2 revenue.
- How much USDC did Circle process?
- On 2026-09-02, Circle processed $32 trillion in USDC transfers according to newsroom coverage.