Circle Defends USDC Economics as Rivals Offer Partners More Revenue
Edited by Steinar Vigdel Kolnes, Editor, Oslo
Circle is defending USDC’s economic model as competing stablecoin networks seek partners with offers of a larger share of reserve income.
Circle is defending the economics of its USDC stablecoin as rivals try to attract its partners by offering them a greater portion of reserve earnings, according to CoinDesk.
Coinbase, Circle’s biggest USDC partner, also supports Open USD, a competing network. That backing puts the exchange in both Circle’s ecosystem and a rival initiative.
Open USD’s model distributes reserve income to partners after deducting a management fee. The arrangement highlights revenue sharing as a point of competition among stablecoin networks.
Source: CoinDesk
