Circle reported that more than $14 trillion moved through stablecoins over the past year, a 151% growth in on-chain transaction volume. USDC on-chain transaction volume reached $14.8 trillion in Q2 2026, with daily volume averaging $163 billion and circulation supply at $73.3 billion. Total revenue reached $701.3 million in Q2, with $667.7 million coming from reserve interest income, representing 95% of earnings. The Circle Payments Network processed $14.7 billion annualized across 175 institutions, growing 76% quarter over quarter.
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