The Defiant·The Defiant Team·1h ago

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

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.

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💬 Discussion: How Circle Makes Money From USDC—and Why Reserve Income Is Not Profit 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.

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