Circle’s USDC Windfall: Who Really Captures the Stablecoin Yield?
Circle’s latest quarterly numbers show a booming USDC business — but also make clear that most of the yield generated by the stablecoin doesn’t stay with the issuer. Instead, it’s being negotiated away to the exchanges, wallets, and payment platforms… Read More »Circle’s USDC Windfall: Who Really Captures the Stablecoin Yield?