• USDC generates large amounts of revenue through its treasury bills.
• Despite the declining market cap, USDC dominates the market in terms of transfer volume.

The stablecoin sector was impacted severely after the Silicon Valley Bank (SVB) Saga. Circle, the issuer of the USDC stablecoin was impacted the most as some of their holdings were with the SVB. However, the revenue generated through USDC might aid Circle navigate through the market volatility.

Dollar dollar bills

According to Messari’s data, despite USDC’s declining market cap, Circle was able to generate more than $300 million from interest on its treasury bills. Treasury bills are short-term debt securities issued by governments.

Companies such as Circle generate revenue through their yields by investing in them as they offer a low-risk return on their investment.

According to Circle’s Examination Report, the firm was holding $10.59 billion worth of reserve assets as well.

In addition, Circle generated revenue from USDC transactions, subscriptions, and services. Transactions revenue primarily came from Bitcoin [BTC] and Go to Source to See Full Article
Author: Himalay Patel

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