Circle Keeps 7 Cents Per Dollar as Rivals Court Its USDC Partners
Circle said it retained about 7 cents of net profit per revenue dollar in the first half of 2026.
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Stories 1–24 of 29 · 10 Apr 2026 – 18 Oct 2026
Circle said it retained about 7 cents of net profit per revenue dollar in the first half of 2026.
Circle disabled new USDC minting on the Noble blockchain on 13 October 2026 and will pause the contract entirely on 12 January 2027.
Circle plans to expand its USDC stablecoin into about 40 emerging and developing markets across Africa, Asia, Latin America and the Middle East.
Binance bought a $100 million equity stake in Circle, taking 1,237,011 shares at $80.84 each in a private placement that closed on 17 September 2026.
Circle launched Digital Asset-Backed Borrowing on 21 September 2026, letting eligible Circle Mint institutions borrow USDC against Bitcoin without selling it.
Circle launched the public mainnet of its Arc blockchain on 16 September 2026, with BlackRock, Visa, and nine other institutions as founding validators.
Circle has signed a definitive agreement to acquire Tazapay, a Singapore-based cross-border payments company, in a deal expected to close in 2027.
Uniswap will deploy its v4 automated market maker on Circle's Arc, a stablecoin-focused blockchain set to launch its public mainnet on 16 September 2026.
Circle named 11 financial institutions, including BlackRock, DTCC, Visa and Mastercard, as founding validators for its Arc blockchain.
Dinari launched 724 tokenized U.S. stocks on 4 August 2026, covering the entire S&P 500, for eligible investors to trade through self-custody wallets.
Circle secured a limited purpose trust charter from the New York Department of Financial Services on 31 July 2026.
Circle acquired IBM's blockchain patent portfolio on 27 July 2026, gaining nearly 1,000 issued patents across more than 680 patent families.
Circle signed memorandums of understanding with Kakao Group and Toss Bank on 23 July 2026 to explore stablecoin payment rails in South Korea.
Circle suspended the Tether-backed Heka Funds in December 2023 over concerns the fund manipulated the USDC market.
JPMorgan told clients on 14 July 2026 that Hyperliquid's growth threatens the economics behind Circle's USDC.
JCB, Japan's largest card network, signed a memorandum of understanding with Circle on 14 July 2026 to explore USDC stablecoin payments.
The U.S. Office of the Comptroller of the Currency approved Circle to establish a national trust bank on 10 July 2026.
Circle's Arc has joined the Chainlink Scale program, adding Chainlink CCIP, Data Streams, Data Feeds and Proof of Reserve to the developer stack of its stablecoin-focused Layer 1.
Standard Chartered has launched a service letting institutional clients mint and redeem the USDC stablecoin directly through its Dubai operations.
Circle shares fell 17% on 30 June 2026 after a consortium of more than 140 companies, including Stripe, Coinbase and BlackRock, unveiled Open USD, a stablecoin built to rival USDC.
BNY enabled institutional clients to hold, mint, and redeem Circle's USDC through its Digital Asset Custody platform on 29 June 2026.
A U.S. federal court in California reversed the temporary restraining order that froze Zama's cUSDC contract on June 1, 2026, restoring approximately $12.5 million in USDC to all depositors.
Circle blacklisted Zama's cUSDC smart contract on Ethereum at 01:08 UTC on 30 May 2026, freezing 12,606,386 USDC.
Circle announced cirBTC, a wrapped Bitcoin token backed 1:1 by native BTC.