Coin Metrics found market plumbing drove much of the volume while reserve income supplied 95. 2% of Q2 revenue. The post Circle processed $32 trillion in USDC transfers, yet 95% of its revenue relies entirely on interest rates appeared first on CryptoSlate .

Source: [CryptoSlate](https://cryptoslate.com/circle-processed-32-trillion-in-usdc-transfers-yet-95-of-its-revenue-relies-entirely-on-interest-rates/)

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