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Lending BaaS Embedded finance Payments Cards Stablecoins

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Guides: Stablecoin economics

Yellow tube chart beside 95.2%, the share of Circle's Q2 2026 revenue that came from stablecoin reserves

Stablecoin economics · Oct 18

How stablecoin issuers make money

Reserve income, partner payments and platform fees: a sourced guide to how stablecoin issuer economics work.

Fintech infrastructure explained: embedded finance, BaaS and sponsor banks, payments, lending, card issuing, stablecoins and tokenization. Built on primary sources. Not legal, financial or investment advice.

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