"@Circle’s IPO will go down in the history books. Priced at $31 a share at the IPO, the stock briefly touched $300 before settling just under $200.
And yet, all I hear are bear cases with most of them centered around interest rates falling and Circle paying half of its revenue to Coinbase for the distribution of USDC.
So here’s the bull case:
- Circle holds an almost monopolistic position in a rapidly growing market,
- Has top-tier distribution partners to expand its market share,
- and has barely begun to tap into non-interest revenue streams."
- by @jevgenijs in @twifintech
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