The $667.7 Million Question: What Happens When Stablecoin Reserve Income Gets Competed Away
Circle renewed its revenue-sharing agreement with Coinbase on August 5, locking in a distribution model that cost the issuer approximately $908 million in fiscal year 2024. The following day, CoinShares published a research note identifying the Open USD (OUSD) consortium as an existential threat to Circle’s business model. The friction point is structural. In its […]
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- 2026-08-07 03:19 UTC
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- 2026-08-07 03:20 UTC
What happened
- The $667.7 Million Question: What Happens When Stablecoin Reserve Income Gets Competed Away
Why it matters for stablecoins
Reviewed Forkast News reporting on Payments matters for Stablecoin payments readers.
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Forkast News reported the item at 2026-08-06T14:45:12.000Z.
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This event appears in Payments & Adoption because 1 public source support the summary. TxFlows classifies the evidence as reported news and reported news, with a standard reporting trust tier. Publisher links are shown only when the URL is safe to expose.
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