Circle Internet Group (NYSE: CRCL), the second-largest issuer of USD stablecoins globally, is positioned for explosive growth over the next few years, as per the emerging consensus of Wall Street analysts, albeit tempered by the newly IPO'ed stock's already-stratospheric valuation. For the benefit of those who might not be aware, Circle backs each minted USDC token with yield-bearing US Treasuries. As such, the vast majority of Circle's revenue comes from the interest income generated by the USDC reserves, which consist almost exclusively of US Treasuries. However, Circle also splits its revenue with Coinbase, which remains its strategic partner for providing […]
Read full article at wccftech.com/stablecoin-issuers-like-circle-crcl-will-evolve-from-money-rail-of-crypto-markets-to-money-rail-of-the-internet-claims-an-analyst/
Read More Details
Finally We wish PressBee provided you with enough information of ( Stablecoin Issuers Like Circle (CRCL) Will “Evolve From Money-Rail Of Crypto Markets To Money-Rail Of The Internet, Claims An Analyst )
Also on site :
- If you can’t read this headline without getting distracted, try the ‘Take Five’ method for better focus
- Wall Street strategist Tom Lee is aiming to create the MicroStrategy of Ethereum
- Assassin’s Creed Black Flag Remake Practically Confirmed by Edward Kenway’s Actor