Home Cryptocurrency Circle paid $461 million in distribution costs from $733 million reserve income in Q4

Circle paid $461 million in distribution costs from $733 million reserve income in Q4

Circle sent 63% of Q4 USDC reserve income to distributors, compressing margins. Circle Internet Financial reported fourth quarter earnings showing the stablecoin issuer paid $460.6 million in distribution and transaction costs against $733.4 million in reserve income, representing approximately 63%…

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