Circle (CRCL) is around $79.84, with shares down about 13% this month. Its next earnings report is November 4.
The bull case: USDC circulation grew 19% year over year last quarter. The risk: Circle’s reserve income can feel pressure if interest rates fall, so adoption alone may not tell the whole story.
My lean: bearish into earnings until Circle shows growth is translating into stronger results.
Will USDC adoption outweigh rate pressure in the next report?
#CRCL #USDC #Stablecoins
The bull case: USDC circulation grew 19% year over year last quarter. The risk: Circle’s reserve income can feel pressure if interest rates fall, so adoption alone may not tell the whole story.
My lean: bearish into earnings until Circle shows growth is translating into stronger results.
Will USDC adoption outweigh rate pressure in the next report?
#CRCL #USDC #Stablecoins