Circle is defending the economics of its USDC stablecoin as its biggest partner, Coinbase, also backs rival Open USD, which offers partners a larger share of reserve revenue. The stablecoin battle is heating up, and USDC faces unprecedented competitive pressure.

Circle defends USDC economics as its biggest partner Coinbase backs rival Open USD, offering partners larger revenue share. Stablecoin war intensifies as USDC faces serious competition.

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