Foresight News: Circle CEO Jeremy Allaire revealed in an interview that the company is relying on a cash buffer of over $1 billion to help tackle new competition from non-crypto firms such as PayPal, and prevent further decline in the market share of the second-largest stablecoin, USDC. Circle's USDC circulation has dropped from $45 billion at the beginning of the year to around $26 billion.
Circle CEO Discusses Strategy to Counter Competition from Non-Crypto Firms
Disclaimer: Includes third-party opinions. No financial advice. May include sponsored content. See T&Cs.
USDC
1.0003
+0.01%
Replies 1