MarketPublished by KAS Watch · October 18, 2026
Circle Defends USDC Revenue Model as Rival Stablecoins Target Partner Payouts
Circle is defending its USDC economics amid competition from rival stablecoins courting ecosystem partners with larger revenue shares. Notably, Coinbase—Circle's primary USDC partner—is also backing Open USD, a competing network distributing reserve yields post-fee.
Why it matters for the market
Shifts in stablecoin revenue-sharing models could alter liquidity deployment and capital distribution across broader digital asset markets. For Kaspa, changes in stablecoin market dynamics may indirectly influence cross-market liquidity conditions and participant risk appetite.
Original source
CoinDesk
Source publication · October 18, 2026 · 1 verified source
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