CASE STUDY | Why Circulation, Not Velocity, is What Currently Drives Stablecoins Revenue
The key point is that USDC velocity shows how heavily the network is being used, but circulation determines the size of the asset base Circle can earn interest on. Circle’s own filings make that distinction clear: reserve income is calculated from the amount of USDC in circulation and the reserve return rate, not from how many times those dollars move. USDC is moving trillions. But circulation – not velocity – is what is driving Circle’s revenue. Circle […]
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- 2026-09-02 19:22 UTC
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- 2026-09-02 19:23 UTC
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- CASE STUDY | Why Circulation, Not Velocity, is What Currently Drives Stablecoins Revenue
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Reviewed BitKE reporting on Payments matters for Stablecoin payments readers.
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BitKE reported the item at 2026-09-02T09:00:41.000Z.
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