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Stablecoin monthly transfer value has averaged nearly $10 trillion this year, according to Standard Chartered Bank

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In an investor note last month, William Blair analysts said Circle could benefit from a broader crypto recovery, with regulatory rulemaking, growing tokenized-asset activity and diversification supporting the stock into 2027.

Key facts

Summary

Circle Internet Group (CRCL) reported approximately $1.4 billion in revenue in the first half of 2026, paying $819 million to USDC distribution partners and transaction costs while reinvesting about $473 million in infrastructure, compliance, and product development. The company outlined those economics Friday, pushing back against new stablecoin entrants that argue existing issuers retain too much revenue, charge too much for redemptions, and could be replaced by more efficient models. "That reinvestment is not overhead," wrote Circle COO Kash Razzaghi. Circle said it retained roughly 7 cents in net profit for every dollar of revenue. Stablecoin monthly transfer value has averaged nearly $10 trillion this year, according to Standard Chartered Bank, which published a report earlier this week.

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