---
title: "Circle defends USDC economics as stablecoin rivals court its partners with bigger cut"
url: https://thecoingazette.com/circle-defends-usdc-economics-as-stablecoin-rivals-court-its-partners-with-bigger-cut/
date: 2026-10-17
modified: 2026-10-17
lang: en
author: "Coin Gazette Editorial"
description: "Coinbase, Circle’s largest USDC partner, also backs Open USD, a rival network that passes reserve income to partners after a management fee."
categories:
  - "Crypto News"
image: https://ml4qjcb2qgrx.i.optimole.com/w:auto/h:auto/q:mauto/f:best/https://i0.wp.com/thecoingazette.com/wp-content/uploads/2026/05/logo-with-slogan-1.webp?fit=1400,960&ssl=1
word_count: 22
---

# Circle defends USDC economics as stablecoin rivals court its partners with bigger cut

Coinbase, Circle’s largest USDC partner, also backs Open USD, a rival network that passes reserve income to partners after a management fee.