Circle defended its USDC stablecoin economics after Coinbase, its largest partner, supported Open USD, a rival stablecoin network sharing more reserve income with partners. Circle reported keeping about 7 cents profit per revenue dollar in H1 2026, with $819 million of $1.4 billion revenue spent on distribution and transaction costs. Circle argues that reserve income must also cover redemption, compliance, and liquidity costs, keeping standard USDC redemptions free. Meanwhile, Open USD and others like Paxos offer fee-free minting and redemption while sharing reserve income after management fees, challenging Circle's model. Circle is also expanding partnerships, including a recent $100 million Binance investment tied to USDC holdings.
The story about Circle defending USDC economics provides context for cryptocurrency market activity. For readers following major cryptocurrencies, here is Pluang's market snapshot as of Oct 18, 2026 07:21 WIB: out of 50 major cryptocurrencies, 6 rose and 43 fell today. Balancer (BAL) gained 11.14% to Rp16.297 with a typical hold time of 85 days, The Sandbox (SAND) rose 9.95% to Rp1.065 with 76% buy orders and a typical hold time of 123 days, while Basic Attention Token (BAT) dropped 9.20% to Rp3.207 with nearly balanced buy/sell orders and a typical hold time of 93 days.
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