Analyzing the Game of Power Behind USDC: Is the Price the Only Suspense for Coinbase's Acquisition of Circle? 》Coinbase and Circle are engaged in a 'game of power' around the control and profit distribution of USDC. USDC has become Coinbase's second largest source of revenue, but due to restrictions such as protocol layers and custody definitions, Coinbase is unable to fully control its revenue structure and faces the dilemma of "driving growth but limited revenue sharing". In contrast, Circle is more focused on expanding the overall circulation scale of USDC rather than platform control. With the rapid growth of the stablecoin market and the gradual clarification of regulatory policies, the only reasonable path for Coinbase to fully grasp the profits, technological infrastructure, and global expansion pace of USDC is to acquire Circle. This acquisition is almost a foregone conclusion, and the only real variables are the valuation and timing of the transaction. read the whole passage: https://www. (wublock123.com)/index.php? m=content&c=index&a=show&catid=47&id=43391