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  "url": "https://finwiki.zksc.io/ja/fintech/stablecoin-revenue-split-economics/",
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  "raw_markdown_url": "https://finwiki.zksc.io/fintech/stablecoin-revenue-split-economics.md",
  "domain": "fintech",
  "title": "ステーブルコイン利息分配経済学",
  "entry_type": "wiki_entry",
  "frontmatter": {
    "title": "ステーブルコイン利息分配経済学 —— Coinbase / Circle 50% off-platform モデル",
    "aliases": [
      "USDC 分配",
      "stablecoin revenue split",
      "Circle Coinbase math"
    ],
    "domain": "fintech",
    "type": null,
    "created": "2026-05-13",
    "last_updated": "2026-05-26",
    "last_tended": "2026-06-24",
    "review_by": "2026-09-22",
    "confidence": "certain",
    "tags": [
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      "stablecoin",
      "USDC",
      "Coinbase",
      "Circle",
      "economic-model"
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    "status": "active",
    "canonical_anchor": null,
    "related": [],
    "note": null,
    "sources": [
      "https://www.circle.com/en/usdc",
      "https://investor.coinbase.com/financials/sec-filings/default.aspx",
      "https://www.circle.com/en/transparency",
      "https://www.sec.gov/cgi-bin/browse-edgar?action=getcompany&CIK=0001679788&type=10-K",
      "https://www.sec.gov/cgi-bin/browse-edgar?action=getcompany&CIK=0001876042&type=S-1"
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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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    "Wiki route",
    "Related"
  ],
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