
0xTodd🟥🟨🟦|Apr 02, 2025 10:34
Circle, relying on the underlying USD assets of USDC, achieved a return rate of nearly 5% and earned $1.7 billion in revenue over 24 years.
However, after deducting various costs, the final profit is only about 0.5% 😂
Among them, the distribution cost actually consumed 60% of the revenue,
It's about providing subsidies to Coinbase, Binance, and other platforms
Then, employees and administrative staff spent 30% of their income
It seems that working at Circle should be quite enjoyable
Over the course of 24 years, 800+employees took away $260 million in wages
---Dividing line---
By comparison, Tether clearly has much higher human efficiency
Tether has approximately 200 employees
Created $13 billion in revenue in 24 years (mainly Tether not only earns interest margin, but also engages in other businesses such as investing in BTC/gold, mining, etc.)
If investment returns are included, the cost-effectiveness ratio is about 30 times that of Circle 😂 It's horrible.
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