X @Token Terminal 📊
Token Terminal 📊·2025-11-03 13:36
Circle's CCTP (cross-chain bridge) transfer volume reached an all-time high of ~$14.5 billion in October, up ~7x YoY.Why is this chart interesting?It marks a shift in how Circle makes money.To date, Circle's business has relied on yield earned on the collateral that backs its USDC stablecoin (AUM-based revenue).With a product like CCTP, Circle earns revenue each time USDC is moved from one chain to another (transaction-based revenue).Diversified revenue streams = better business. ...