$1 Billion War Chest Shields Against Shrinking Market Share
According to a Bloomberg report, Circle, a prominent player in the stablecoin market, strategically leverages its substantial cash reserves of over $1
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Chest
Circle preps $1B war chest to deal with market threats from PayPal and others
Stablecoin issuer Circle has a $1 billion cash reserve pegged as insurance against a declining market capitalization and fresh competition from the traditional finance and technology industries, said CEO Jeremy Allaire. In an interview with Bloomberg, Allaire revealed the war chest and shared his views on the uptick in competition from
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