USDC's growth largely doesn't rely on profit sharing, and it doesn't allow profit sharing; instead, Circle is allowed to retain its own profits. I think that's a good thing... Besides, if you don't invest in Circle regularly, what else can you invest in?
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Shay Boloor
@StockSavvyShay
03-24
$CRCL falls ~15% after the CLARITY Act deal signals no yield on stablecoin balances by allowing only activity-based rewards.
That weakens a key part of the bull case by making USDC harder to evolve from a payments utility into a real store-of-value product.
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Disclaimer: The content above is only the author's opinion which does not represent any position of Followin, and is not intended as, and shall not be understood or construed as, investment advice from Followin.
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