The Next Phase of Stablecoin Competition Begins As Coinbase Invests In Circle
The Breakdown
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Maintaining Net Interest Margins, Softening Yuan, and Ongoing Economic Challenges
Concerns about profits and net interest margins, falling Chinese stocks, softening offshore yuan pricing, and the urgency in shoring up lending and expanding credit growth. Speculation on government's property policies and transition away from pre-pandemic growth mindset.
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Transcript
