// definition
Reserve income
Income from assets backing a stablecoin
Short definition
Interest and dividend income generated by assets backing stablecoins, within the issuer’s accounting scope. This flow is distinct from the principal held in reserve and from any reward paid to holders. Its allocation depends on costs, distribution contracts and applicable reserve requirements.
risk atlas
Knowledge map
Related analyses
- Stablecoins: sharing reserve incomeCircle, Coinbase, holder rights and reward conditions.
Primary sources
- Circle / SEC, June 30, 2026 Form 10-QStatements and discussion of reserve income, distribution costs and the RLDC measure.
- Circle, USDC Terms outside the EEAOctober 15, 2026 version, section 2: redemption rights and holders’ lack of entitlement to reserve interest.