$CRCL is down ~67% from its August high, and I think the market has this wrong.
Circle issues USDC — the #2 stablecoin at ~$75B in circulation, about 24% of a $316B market. USDT and USDC together are ~83% of all stablecoin supply. It's a duopoly, and Circle is the regulated half: MiCA-compliant in Europe, and as of July, a federally supervised national trust bank in the US.
The stock trades at a ~$16B market cap on ~$2.9B trailing revenue. Arc mainnet ships September 16.
I called long at $65 and I'm still there. Not financial advice — do your own work.#金价升破4400美元创两月高位
Circle issues USDC — the #2 stablecoin at ~$75B in circulation, about 24% of a $316B market. USDT and USDC together are ~83% of all stablecoin supply. It's a duopoly, and Circle is the regulated half: MiCA-compliant in Europe, and as of July, a federally supervised national trust bank in the US.
The stock trades at a ~$16B market cap on ~$2.9B trailing revenue. Arc mainnet ships September 16.
I called long at $65 and I'm still there. Not financial advice — do your own work.#金价升破4400美元创两月高位