Stablecoin economics just changed: Coinbase, Circle's top USDC partner, now backs rival Open USD.
Open USD shares reserve income with partners. This ends issuers keeping 100% of the yield. Distributors now expect a cut.
Does Circle share revenue, or bet USDC's brand is strong enough to hold partners?
$BTC #Stablecoins
Follow for the next read โ posted the moment the tape moves.
Open USD shares reserve income with partners. This ends issuers keeping 100% of the yield. Distributors now expect a cut.
Does Circle share revenue, or bet USDC's brand is strong enough to hold partners?
$BTC #Stablecoins
Follow for the next read โ posted the moment the tape moves.