#Gate廣場四月發帖挑戰 After the Clarity Act is implemented, in August 2026, coinbase and Circle will sign a new distribution agreement. At that time, it will be very favorable to Circle, and I estimate that its distribution cost will not reach more than 50%. According to Doubao’s prediction, it should be between 35% and 45%.

In that case, Circle can earn about 300 million in profit, which is a major support for Circle’s stock price.
After the Clarity Act is implemented, it prohibits passive interest earning, which apparently is unfavorable to coinbase, but favorable to Circle. Currently, the premium/negotiation initiative is in Circle’s hands, not in Coinbase’s.
Coinbase earns 100% of the interest on the platform. The reason for this is to provide users with interest. Now that this part has been cut, it no longer has that reason.
At that time, Circle might tilt more resources toward the Base chain, to support assets like RWA.
I think this is not something that coinbase alone is doing; Circle will definitely support it, because it will greatly benefit the improvement of USDC.
In other words, Circle will use a lot of money to do this, taking the lead and leaving almost no room for other stablecoins to survive.