Analysts estimate that Circle earned approximately $625 million in gross interest income from its USDC reserves in the second quarter, of which $332.5 million was paid to Coinbase. “Given Circle’s con

2025/08/02 08:06

PANews 8月2日消息,据 The Block 报道,在 Coinbase 发布第二季度财报后,日本瑞穗证券分析师再次重申了其观点,即 USDC 发行商 Circle 的股价最终将下跌。这是因为其认为,由于分销成本上升,这家最近上市的稳定币发行商的利润率可能会继续下降。

分析师估计,Circle 第二季度从 USDC 储备中获得了约 6.25 亿美元的总利息收入,其中 3.325 亿美元支付给了 Coinbase。瑞穗分析师在给客户的报告中写道:“鉴于 Circle 除了 Coinbase 之外还在拓展分销合作伙伴,这可能意味着随着其他分销合作伙伴(例如币安)的支出增加,Circle 的净储备收入利润率将面临进一步的压力。”

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