Circle Chief Commercial Officer Kash Razzaghi published a blog post on October 16, 2026, defending Circle's revenue-sharing model against rival stablecoin issuers that offer partners higher reserve earnings

From the articleCircle defends USDC economics as OUSD courts its partners - CryptopolitanAlso in Circle defends USDC economics as stablecoin rivals court its partners with bigger cut, USDC processed $36 trillion in H1 transactions, but Circle kept just 7 cents of every revenue dollar, Circle defends USDC model, reveals just 7 cents profit per dollar