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TechFlow news, according to Bloomberg, Circle CEO Jeremy Allaire said in an interview that Circle is relying on a cash buffer of over $1 billion to help cope with new competition from non-crypto companies such as PayPal, aiming to prevent further market share decline of its second-largest stablecoin USDC. Circle's dollar coin circulation has dropped from $45 billion at the beginning of the year to around $26 billion.
Circle CEO Jeremy Allaire said in an interview that Circle is relying on its cash buffer of over $1 billion to help应对 new competition from non-crypto companies like PayPal and prevent further decline in the market share of its dollar-pegged stablecoin USDC. The circulating supply of Circle's dollar coin has dropped from $45 billion at the beginning of the year to around $26 billion.
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