
rick awsb ($people, $people)|6月 18, 2025 23:27
The distribution of protocol benefits between Coinbase and Circle mainly involves USDC stablecoins:
1. Coinbase earns 50% interest on USDC reserves and 100% interest when storing USDC on the Coinbase platform.
2. The agreement was signed in 2023 with an initial term of three years and is renewable.
3. In 2024, more than $1 billion of Circle's $1.6 billion revenue will be used for distribution costs, with the majority paid to Coinbase.
The current market value of crcl is 48b, while coin is 75b
What do bosses think?