Everything tagged "stablecoins" across research, earnings, and macro.
3 articles
Circle is scaling USDC into a broader payments and infrastructure platform, but the stock still trades on a rich valuation that demands rapid earnings improvement.
Circle’s latest selloff looks disconnected from the more important development: BNY just expanded from reserve support into actual USDC custody and conversion workflows for institutions. That kind of bank-grade distribution matters more than a one-day panic over a rival launch.
Circle’s latest drop looked less like noise and more like the market repricing USDC as infrastructure without a hard moat. If Stripe, Visa, and Mastercard push stablecoins into their own payment rails, Circle’s growth can stay strong while its economics get squeezed.
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