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Tech and Finance Giants Threaten Circle's Dominance in the Stablecoin Race
For years the stablecoin race centred on issuing the dominant digital dollar, with Circle Internet Group as a key player. This week's volatility in Circle's shares suggests investors are pricing in a new reality: the biggest rewards may go not to stablecoin issuers but to the tech and finance titans who control the payment rails through which those coins move.
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