X @BREAD | ∑:

Clip is choppy, but very bearish CRCL.To the point where I might flip my COIN calls to CRCL LEAP puts.Circle vs Tether→ Bo Hines (former Whitehouse digital asset advisor) has now cleared the path for USA₮, so regulatory moat is evaporated.Circle vs Rates→ Being based entirely on tbills means rate cuts are directly cutting into their profit margins.Circle vs Native Stables→ USDH and USDm announcements are opening the industry to the idea of chains internalizing the yield generated by passive stable TVLCombin ...