Bai viet duoc VNCOIN.NET tom tat nhanh tu nguon quoc te de giup ban nam bat xu huong thi truong nhanh hon.
Tom tat nhanh
- Circle (CRCL) was hit far harder than Coinbase (COIN) in Tuesday's sharp selloff due to the crypto bill CLARITY Act's latest stance on stablecoin yield, but one analyst says the regulatory shift may ultimately favor the stablecoin issuer.
- Both names are seeing modest bounces on Wednesday, but remain solidly lower since the news leaked Monday evening.
- The market may be missing the longer-term implication, argued Markus Thielen, founder of 10x Research: in the current form, the bill weakens Coinbase's distribution-driven model more than Circle's infrastructure role.
- Coinbase currently captures the majority of USDC economics through its distribution agreement with Circle, Thielen explained.
- For USDC held on Coinbase, the exchange receives nearly all of the associated interest income, while off-platform balances are generally split about 50%-50.
- In practice, Thielen estimates that Circle pays Coinbase more than $900 million in revenue share each year, roughly half of Circle’s total revenue.
Goc nhin VNCOIN.NET
Hay uu tien kiem tra quan tri rui ro truoc khi vao lenh. Cac noi dung tren mang tinh tham khao, ban nen doi chieu them du lieu thi truong thuc te truoc khi ra quyet dinh.
Nguon tham khao: https://www.coindesk.com/markets/2026/03/25/circle-selloff-may-be-overdone-as-crypto-bill-weakens-coinbase-edge-say-analysts