Circle paid Coinbase $908M in 2024 for USDC distribution, about 54% of its revenue. The partnership's renewal window in August 2026 could reshape stablecoin

Circle's USDC stablecoin has surpassed $90 trillion in cumulative on-chain transaction volume, capturing 70% of adjusted stablecoin volumes in H1 2026.

Circle paid Coinbase $908M in 2024 for USDC distribution, about 54% of its revenue. The partnership's renewal window in August 2026 could reshape stablecoin