Key Takeaways Circle renewed Coinbase’s USDC deal as Q2 revenue reached $701M, preserving a key distribution channel. USDC ended Q2 at $73.3B as Circle’s 150+ partnerships widened competition in stablecoin distribution. Circle ruled out quarterly dividends, betting reinvestment can deliver stronger shareholder returns in 2026. Circle Says No to Quarterly Dividends as Growth Takes Priority Circle Internet Group is keeping two pillars of its capital strategy intact: its partnership with Coinbase and its preference for reinvesting cash rather than returning it to shareholders. The NYSE-listed stablecoin issuer said during its second-quarter earnings call that its agreement with Coinbase had been …


