According to CryptoSlate, Coin Metrics data as of August shows that USDC's adjusted transfer volume in 2026 reached $32 trillion, with an annualized turnover rate of 741 times. However, the massive transaction volume is primarily driven by DeFi underlying mechanisms and has not directly translated into fee revenue for the issuer. Circle's financial report reveals that total revenue and reserve earnings for Q2 amounted to $701.3 million, with reserve asset interest income reaching $667.7 million (accounting for a staggering 95.2%), while transaction fee income was only $5.3 million. Currently, USDC's circulation has grown to $73.3 billion. To reduce reliance on interest income tied to the macro rate-cut cycle, Circle plans to launch the Arc mainnet, a blockchain infrastructure, on September 16 to explore converting on-chain network activity into direct and sustainable transaction fee revenue. https://www.(wublock123.com)/news/news-67642