$USDC US stock trading medium? The deep alliance between Coinbase and Circle

The rise of USDC is not just due to the product, but also reflects the 'distribution cooperation strategy' between Circle and Coinbase. Market observer AB Kuai.Dong stated that currently Coinbase owns about 3.5% of Circle's shares and may receive 50% of the interest on USDC reserves, with a large amount of circulating USDC now stored on the Coinbase platform.