Circle’s Stablecoin Future Under Fire | Business and Finance News

Circle’s USDC stablecoin is under siege as its stock plummets over 75% from its IPO peak, fueled by fierce competition from OUSD — a new stablecoin backed by Visa, BlackRock, and others who’ll split reserve yields. Analysts warn current financial models underestimate the threat, as OUSD’s revenue-sharing model could slash Circle’s profits. Compounding the pressure, Circle’s Coinbase distribution deal expires next month, leaving room for Coinbase to renegotiate for better terms — a move that could further erode Circle’s already shaky profitability in a rapidly shifting stablecoin battlefield. Listen in comfort:Get a discount on a Soli Pillow: http://solipillow.com/discount/dnn. Advertise on DNN:[email protected] This is an automated, high-level news summary based on public reporting.Report issues to [email protected]. View sources & latest updates:https://sources.thednn.ai/3a9c8dd2f2d82723