瑞穗证券称USDC增速放缓或致Circle面临中期风险

Odaily
Aug 14, 2025

Odaily星球日报讯 瑞穗证券在最新研报中指出,Circle 正面临 USDC 增速低于预期、分销成本上升及美联储可能降息三大中期风险。尽管最新季报显示 USDC 流通量同比增长 90%至 613 亿美元、季度营收同比增长 53%至 6.58 亿美元,但其分销成本占储备池比例已由 2022 年的 39%升至 64%。(The Block

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