ChainCatcher report: During Circle’s Q2 earnings call, Citi analyst Pete Christensen asked about the competitive landscape following the launch of the Open USD alliance, inquiring how Circle intends to compete for distribution channels as revenue sharing on reserves becomes an industry standard and Circle remains constrained by its existing economic arrangements with Coinbase. Co-founder and CEO Jeremy Allaire responded that Circle has signed distribution partnership agreements with over 150 companies and frequently collaborates with Coinbase on distribution initiatives—for example, Circle and Coinbase have jointly established a revenue-sharing arrangement with Hyperliquid. He added that approximately 70% of companies expressing interest in participating in such alliances are already partners in Circle’s network. On the earnings call, Circle also announced expanded partnerships with Visa and Mastercard as key infrastructure partners for Arc.
Circle CEO: 70% of Companies Interested in the Open USD Alliance Are Already Circle Partners
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Summary
Circle CEO Jeremy Allaire revealed on-chain updates during the Q2 earnings call that approximately 70% of companies interested in the Open USD alliance are already part of Circle’s network. He highlighted over 150 distribution agreements, including a revenue-sharing partnership with Hyperliquid through Coinbase. Circle also announced a network upgrade in collaboration with Visa and Mastercard for the Arc infrastructure.
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