$Circle Internet Corp.(CRCL)$ I think major commerce brands will eventually launch their own stablecoins, but not as independent projects. They'd likely brand existing coins as their own and keep a share of the reserve revenues. That seems to be the direction Circle is moving in, which explains why they don't push for an open standard and why they welcome competition. For Circle, rebranding or duplicating their technology is relatively straightforward. Creating a single, unique coin meant to be universal across all platforms is a much bigger challenge.
Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.
Comments