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  "domain": "fintech",
  "title": "USDC 発行体・分配者の収益分配 · Coinbase ↔ Circle 公開契約構造",
  "entry_type": "wiki_entry",
  "frontmatter": {
    "title": "USDC 発行体・分配者の収益分配 · Coinbase ↔ Circle 公開契約構造",
    "aliases": [
      "issuer distributor incentive realignment 50 50 model",
      "Coinbase Circle 50-50",
      "USDC revenue split"
    ],
    "domain": "fintech",
    "type": null,
    "created": "2026-05-18",
    "last_updated": "2026-08-14",
    "last_tended": "2026-08-14",
    "review_by": "2027-02-10",
    "confidence": "likely",
    "tags": [
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      "coinbase",
      "circle",
      "usdc",
      "revenue-split",
      "distribution-economics",
      "genius-501"
    ],
    "status": "active",
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    "note": null,
    "sources": [
      "https://www.circle.com/en/usdc",
      "https://investor.coinbase.com/financials/sec-filings/default.aspx",
      "https://www.sec.gov/cgi-bin/browse-edgar?action=getcompany&CIK=0001679788&type=10-K",
      "https://www.sec.gov/Archives/edgar/data/1876042/000119312525178989/d839239ds1.htm",
      "https://www.circle.com/en/transparency",
      "https://www.coinbase.com/blog"
    ]
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  "summary": "This entry sits under fintech index. Read it with 日本金融規制 — トークン・暗号資産・決済に関する法体系 for adjacent context and 日本 Stablecoin 法制度の三層構造（JPYC・USDC・Project Pax） for the broader system boundary.",
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    "Key facts",
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    "Origin & evolution",
    "Related",
    "Sources"
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