Circle defends USDC economics as rivals lure partners with bigger revenue share
- —Circle defends its current model for sharing USDC reserve income
- —Rival networks offer partners a larger share of reserve revenue
- —Coinbase, USDC's largest partner, backs the rival Open USD network
Why it matters: Whether Circle keeps its USDC partner network determines its stablecoin market share and reserve income.
Source: CoinDesk