Stablecoin Dynamics and Research

The circulation of USDC still maintains a target of a 40% compound annual growth rate over several years, and the full-year guidance for other income has been raised nearly twice.

The curtain has just been raised on the settlement layer. In the coming years, the integration of traditional finance and the crypto world will not take place in retail trading, but here.

In just the first half of 2026, Coinbase and others took away over 800 million dollars, but Circle seems to have no regrets.

Everyone is watching who issues stablecoins, but from a business model perspective, the real focus should be on who controls the distribution channels.

It allows funds that could not be effectively aggregated and flowed to begin to become financial resources that can be settled, managed, and serve real trade.

This article penetrates the surface of trillion-level stablecoin transfers, analyzing the capital turnover rates of USDC and USDT, and breaking down the driving factors behind the massive transaction volumes of major mainstream public chains.

No transaction fees, frequent new listings, yet it cannot stop the market share of stablecoins from being eroded.

Circle has signed USDC distribution cooperation agreements with over 150 companies, promoting the growth, product development, and distribution of USDC through economic incentives.

In the future, the situation that Circle will face when negotiating with traditional crypto channels like Binance is likely to be more severe, rather than more lenient.

Yield fingerprints and collateral fingerprints are more important than the headline number of the total supply of stablecoins.