Circle price

Compass Point Initiates Coverage on $CRCL with Neutral Rating, PT $205; cites long-term promise of stablecoins but near-term risks and valuation concerns Analyst comments: "We believe stablecoins can disrupt the financial system as blockchains disintermediate banks and payments networks. CRCL provides pure-play exposure to this disruptive technology as the largest issuer of regulated stablecoins. USDC's leading tech and liquidity provide long-term advantages; however, distribution is also a key driver of stablecoin market share. While Circle’s current distribution partners are large players in crypto, mainstream businesses have much broader connectivity to end users. With CRCL trading at over 100x EBITDA, it's clear investors aren’t valuing the stock on near-term earnings. However, given the threat of new entrants and declining gross margins, we initiate with a Neutral rating and $205 PT." Analyst: Ed Engel

$CRCL 💰 may be higher than $USDC 💰, but it does not offer the most direct exposure to $USDC supply trajectory. Alkimiya’s USDC Supply Market bares USDC’s underlying dynamics and delivers clean exposure to its monetary base. Only available on Alkimiya’s Forecast. P.S. Don’t miss out on updates with our onchain events calendar!

Less than a month after the mainnet was launched, the minting volume of @yalaorg's BTC-collateralized stablecoin YU reached the upper limit of 30M, so they opened the second season on the 13th, which was full yesterday and took only ten days. Now the whole network has more than 75M supply, and we will study why the momentum is so strong. 1. Main force analysis First of all, it can be seen on the YBTC chain that as soon as the BTC debt ceiling was opened, it was stuffed, with a total of 970 BTC, but in fact, there were only 93 addresses. The logic behind it is not simply the endorsement of trusting @Polychain, @EtherealVC and other institutions, but the triple guarantee of CDP + self-custody + CRSM provided by yala for large investors in the early stage of the protocol. CDP means that you can use WBTC on EVM, mainstream LST assets, or use native BTC for self-custody deposits, and the native BTC has its own address after adding a time lock, at this time the corresponding vault is created and minted YU for use, and before the time expires, the YBTC of the corresponding vault will be destroyed to ensure that the assets are anchored. If the vault is close to the liquidation line during the time, CRSM will automatically withdraw part of the position from the YU yield scenario to repay the debt and maintain the collateral ratio, and yala's collateral system has remained stable during the sharp fluctuations of BTC in the past few days. 2. Popular tracks Only halfway through 2025, the top 3 most out-of-the-circle topics of crypto have been locked in a seat in advance by the excellent performance of Circle after its listing: now the stablecoin war is not only concerned by the circle, but also by the outside circle. The GENIUS bill has been passed, and @chromitemerge summarizes the current camps: the offshore faction of usdt and the secretary of commerce's son, 21 capital; Compliance, mainly USDC and Coinbase; The upstart USD1 is supported by the Trump family, Binance, and MGX in the United Arab Emirates, and is bound to get a piece of the pie; Coupled with the staring of banks and technology giants, it is obvious that the whole track will get bigger and bigger, and it will not be limited to pricing digital assets. yala's co-creation @VickyXAI is out of Circle, so why do you want to make yala? Just as USDC's profits before the listing are completely incomparable with USDT, the bigger these traditional players make the track, the more they will benefit, the more stable coin projects native to the cryptocurrency circle. After all, the on-chain will return to the on-chain, whether it is CEX and DEX or stablecoins. In addition to the stronger composability on the chain, the main reason is that there is too much room for compliance arbitrage and there are no additional costs brought by various regulations, so most of YU's profits will be distributed to the participants of the community, which makes YALA expand very quickly. Even PayPal, which is as strong as the payment leader, gave a 20% subsidy annualized when it entered the stablecoin market to do pyusd in the early days, and it took 9 months to achieve about 70M supply. 3. How to participate At present, the second phase of minting is full, but you can still get on the bus, and it is very simple for retail investors to participate, just buy some YU directly through swap, and then pledge it in the stability-pool to eat 10% interest. Join the team: For large investors, opening a vault to mint YU requires an annualized interest of 9%, but for retail investors, it is not necessary, and it can be exchanged with USDC 1:1, which is basically not worn. Just look at the APR itself, which is also a stablecoin wealth management with relatively high returns at present, because the income of the debt ceiling will not be diluted too much. In addition, in addition to apr, there are also liquidation proceeds paid by YBTC and subsequent exchange of airdrop Iceberry points, the number of addresses stored in the mainnet is thousands, and the cost of mainnet gas is not high now, so I divided several numbers to participate, and there may be surprises. On the whole, it is a better farm choice, and the funds that have not been deposited in Plasma can participate in yala, and there are more than 400,000 YU in LP, teachers can hurry up and buy them, don't wait for the same premium as huma. If you are free, you can also sign in every day and socially interact to receive iceberry points, but the testnet and interaction points are separated, and I don't know how they will be distributed in the future. 4. The big one is coming I recommended yala when I was on the mainnet, but there are so many things that have happened in this month, especially the CRCL continues to reach new highs, and my confidence in yala has been further improved. In the past, in traditional stablecoins such as USDT/USDC, retail investors contributed liquidity to institutions, and they steadily earned the yield of treasury bonds, and in many DeFi protocols, retail investors had to bear most of the smart contract risks to make some money. In yala, it is completely different, point 3 mentions that the source of APR profit for retail investors is the interest paid by large investors on collateral BTC lending stablecoins, this model allows retail investors and institutions to form a decentralized creditor-debt relationship, that is, retail investors can become institutional creditors by holding the pledged YU, and the interest is measured in YU real-time, which is very comfortable. I and Yala Guantui have been closed to each other from the beginning, and seeing that the ceiling of these two phases is quickly filled, it is estimated that TGE will be soon, otherwise they would not need to set the debt ceiling.

We discuss crypto x geopolitics and try to figure out how to make money while the rally is on hold

$COIN is a clear buy here, long $COIN <> short $CRCL @coinbase can spin up a tracking stock linked to its USDC rev-share with @circle - It could surface a steady, rate-driven cash machine the market’s burying inside $COIN—yet management keeps the core empire intact. 🧐 #USDC #Stablecoins #FinTwit