Sponsored Deep Dive on Circle & USDC. In one of our longest essays yet, we tackle the following topics: What are stablecoins? How do stablecoin issuers generate revenue? Why are stablecoins a valuable primitive? How are USDC and Circle a platform? What is Circle’s competitive advantage? What would a new financial system built on Circle’s rails look like? This essay is sponsored by Circle. To learn more about how we decide to do deep-dives, checkout our policy here. --- Send in a voice message: https://anchor.fm/notboring/message