The Next Phase of Stablecoin Competition Begins As Coinbase Invests In Circle
The Breakdown
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Restructuring of Circle and Issuance of USDC on Additional Blockchains
This chapter discusses the announcement made by two firms, referred to as 'They', regarding the restructuring of Circle and the issuance of USDC on additional blockchains. The move aims to streamline operations, enhance direct accountability, and comply with regulations. It also explores the revenue sharing agreement between the firms and its impact on Coinbase's profits, as well as factors like regulatory clarity, competition, and market pressure faced by USDC.
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Transcript
