It seems the stablecoin landscape is shifting quite a bit.
Circle is defending the economic structure of $USDC against the competition.
It turns out Coinbase, Circle’s biggest partner, is now also backing Open USD.
That alternative network proposes distributing reserve income among its partners after charging a management fee.
It’s an interesting move in the fight to attract the market’s key allies.
What do you think of this change in strategy?
#USDC #Stablecoins
Circle is defending the economic structure of $USDC against the competition.
It turns out Coinbase, Circle’s biggest partner, is now also backing Open USD.
That alternative network proposes distributing reserve income among its partners after charging a management fee.
It’s an interesting move in the fight to attract the market’s key allies.
What do you think of this change in strategy?
#USDC #Stablecoins