Circle defends USDC economics as stablecoin rivals court its partners with bigger cut

Coinbase, Circle's largest USDC partner, is now supporting Open USD, a rival stablecoin network that shares reserve income with partners after deducting a management fee. This move highlights increasing competition in the stablecoin space as Coinbase courts partnerships on both networks.

Sources

• CoinDesk — Circle defends USDC economics as stablecoin rivals court its partners with bigger cut

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