Dynamics and Research of Stablecoins

The circulation of USDC still maintains a target of a 40% compound annual growth rate over several years, and the full-year guidance for other income has been raised nearly twice.

Circle has signed USDC distribution cooperation agreements with over 150 companies, promoting the growth, product development, and distribution of USDC through economic incentives.

In the future, the situation that Circle will face when negotiating with traditional crypto channels like Binance is likely to be more severe, rather than more lenient.

Yield fingerprints and collateral fingerprints are more important than the headline number of the total supply of stablecoins.

From PayPal to Stripe, from stablecoins to Agents, will the payment industry unite four generations and succeed this time?

OUSD will not be the last new competitor; Circle needs to respond more actively in terms of products, distribution, and ecosystem collaboration.

The emergence of Open USD has shifted the competition for stablecoins from the market struggle of crypto startups to a battle for infrastructure involving traditional finance, payment networks, technology platforms, and public chain ecosystems.

As an important milestone event in the stablecoin landscape, OUSD is likely to change the existing stablecoin landscape and significantly increase the adoption rate of stablecoins in the global financial system.

It can continue to question the cost-effectiveness of stablecoins in the G10 currency corridor, but it cannot ignore the structural opportunities of stablecoins in emerging markets, corporate finance, and on-chain settlements.

Great powers compete for standards, while small countries build barriers.