Lighter, Circle Reportedly Reach Agreement on $920M USDC Revenue-Sharing Deal

Thursday, Feb 12, 2026 10:40 am ET1min read
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Lighter and Circle are reportedly sharing earnings from approximately $920 million in USDC deposits, with no official confirmation. If true, this could influence liquidity incentives, trading depth, and funding costs across perpetual DEX markets. Clear disclosures on interest calculation, custody pathways, and counterparty responsibilities are essential to evaluate sustainability and compliance.

Lighter, Circle Reportedly Reach Agreement on $920M USDC Revenue-Sharing Deal

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