Circle defends USDC, says it keeps 7 cents per dollar, as Coinbase backs rival fee-free stablecoin

Circle is defending USDC against rival stablecoins, saying it keeps just 7 cents per dollar and brought in about $1.4 billion in revenue in the first half of 2026, as Coinbase backs a rival fee-free stablecoin distributing reserve yield to corporate minting partners, with support from Stripe and BlackRock.

Detected & updated continuously · Source: Nebula