TechFlow news, August 14 — According to The Block, Mizuho Securities' latest research report highlights three medium-term risks facing Circle: slower-than-expected growth of the USDC stablecoin, rising distribution costs, and potential Federal Reserve interest rate cuts. Although Circle's most recent quarterly report shows that USDC's circulating supply grew 90% year-on-year to $61.3 billion and quarterly revenue increased 53% to $658 million, its distribution costs now account for 64% of its reserve pool, up from 39% in 2022.
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