TickerTain
TickerTain
NewsroomShortsPortfolioConvergence
NewsroomShortsPortfolioConvergence
←
▶ 7:13 · $CRCL · Circle economics also benefit from reward prohibition despite different model
episode briefing
Asymmetric Investing

Why Wall Street Is Wrong About Coinbase and Circle Stock

2026-03-24 · 2 company · 4 thematic
sentiment
2 bull0 bear0 neu
speakers
travis hollum

Travis Hollum hosts the Asymmetric Investing YouTube channel and podcast, focusing on asymmetric investment opportunities in technology, crypto, and digital asset markets. He provides fundamental analysis of public and private companies in the blockchain ecosystem.

quote
“Circle not necessarily going to have the exact same impact cuz Circle doesn't have the same ecosystem and the same rewards because it's the USDC issuer. So, it plays a little bit of different role in the ecosystem, but this is definitely a…”
—travis hollum
now playing · $CRCL
$COIN···bullish· high· postravis hollum
Stablecoin Act ban on rewards would boost Coinbase profitability short-term
The Stablecoin Act moving through Congress would prohibit yield rewards on USDC balances, eliminating a major cost for Coinbase (currently paying 3.5% rewards on ~$1.35B stablecoi…
$CRCL···bullish· medium· postravis hollum
Circle economics also benefit from reward prohibition despite different model
As the USDC issuer without a direct consumer rewards program, Circle would similarly benefit from the Stablecoin Act's ban on yield payments, improving its economics by removing t…