140 major players want a piece of the stablecoin pie: Why does OpenUSD target Circle's profits first?



[Plain Language Guide] The most dangerous thing about Open USD is not whether it can immediately defeat USDC, but that it reveals the true nature of the stablecoin business: who issues the coin is no longer the most important factor; whoever is willing to share reserve yields and lower fees is more likely to win the channel.

For Circle, the real trouble is not "whether USDC will die," but "how much profit Coinbase, payment companies, and distribution partners will be willing to leave for it in the future." This may be the fundamental reason why Circle's stock price plunged nearly 20%.

For details, see:
USDC0.01%
View Original
post-image
This page may contain third-party content, which is provided for information purposes only (not representations/warranties) and should not be considered as an endorsement of its views by Gate, nor as financial or professional advice. See Disclaimer for details.
  • Reward
  • Comment
  • Repost
  • Share
Comment
Add a comment
Add a comment
No comments
  • Pinned