Circle Defends USDC Economics Amid Rival Pressure
Circle has defended the economic model of its USDC stablecoin as rival issuers reportedly attempt to court its partners with larger revenue cuts.
Stablecoin issuer Circle is defending the underlying economics of its USDC stablecoin, according to a report by CoinDesk. The defense comes as rival stablecoin issuers reportedly attempt to lure away Circle's partners by offering them a bigger cut of the revenue.
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Competition within the stablecoin sector has intensified as issuers battle for market share and distribution partnerships. Rivals have sought to incentivize partners by providing more lucrative financial terms, putting pressure on established players in the ecosystem.
Key facts
- Circle defended the economics of its USDC stablecoin
- Stablecoin rivals are courting Circle partners with bigger revenue cuts
- The report was published by CoinDesk
Source: coindesk.com
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