JPMorgan warns Hyperliquid deal could squeeze Circle and Coinbase

by Joseph Rees

JPMorgan has lowered its earnings forecasts for Circle and Coinbase after a new USDC revenue-sharing agreement with Hyperliquid changed how income from the stablecoin’s reserves will be divided. According to a JPMorgan research note, the revised agreement could reduce the…

Source: https://crypto.news/jpmorgan-warns-hyperliquid-deal-could-squeeze-circle/

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