I've tried to talk a lot of people out of buying $CRCL. Hardly anyone listened. I'm done trying—there's no getting through to them.
First, looking at revenue: it's a money-losing business that constantly has to pay tolls to others.
Second, last quarter's financial results didn't look good: of its $200 million in revenue, $190 million came from selling coins.
Third, the chain is a complete mess.
Fourth, and most importantly, people are underestimating the established players behind OUSD.
Fifth, USDC's moat isn't really a moat at all. Others can build the same distribution channels. Wall Street is more legitimate than you are, while you don't dare venture into the gray areas...
$CRCLB
First, looking at revenue: it's a money-losing business that constantly has to pay tolls to others.
Second, last quarter's financial results didn't look good: of its $200 million in revenue, $190 million came from selling coins.
Third, the chain is a complete mess.
Fourth, and most importantly, people are underestimating the established players behind OUSD.
Fifth, USDC's moat isn't really a moat at all. Others can build the same distribution channels. Wall Street is more legitimate than you are, while you don't dare venture into the gray areas...
$CRCLB