Circle Chief Commercial Officer Kash Razzaghi published a blog post on October 16, 2026, defending Circle's revenue-sharing model against rival stablecoin issuers that offer partners higher reserve earnings

Tokens pegged to stable value, usually the US dollar, spanning issuers and reserves, depegs, and adoption by banks and payment networks.

Supply, adoption, and competitive dynamics of fiat-pegged tokens, tracking issuers like Tether and Circle and the payment and trading flows they power.