Odaily星球日报讯 稳定币发行商 Circle 股价一度升至 90 美元上方，创去年 11 月以来新高，随后回落至约 87 美元附近。此前公司发布的第四季度业绩超出市场预期，带动股价在财报公布后累计上涨约 30%。
Bernstein 分析师维持对 Circle 的“跑赢大盘”评级，并给出 190 美元目标价，认为公司业绩表现显示其增长趋势已出现“明显区别于加密市场”的特征。报告指出，Circle 在基础设施领域的扩张正在带来更高利润率的新增收入来源，而不仅依赖稳定币储备收益。
分析师表示，Circle 交易相关收入持续增长，包括其作为 Canton 网络超级验证者获得的区块链奖励。同时，直接托管在 Circle 平台上的 USDC 比例已升至总供应量的 17%，高于上一季度的 14%。公司预计 USDC 流通量未来仍将保持约 40%的年增长率，并预计除储备收入外的其他业务收入将在 2026 年达到约 1.7 亿美元，高于 2025 年的约 1.1 亿美元。
Bernstein 还看好 Circle 在新产品领域的拓展，包括 Arc 平台、Circle Payments Network 以及面向 AI 代理的“自动化支付”能力。
与此同时，Mizuho 分析师指出，随着稳定币在预测市场等新场景中的应用增加，例如 Polymarket 平台，Circle 的收入结构有望进一步多元化。整体来看，市场关注点正逐渐转向 Circle 能否在稳定币生态扩张过程中建立更加均衡的收入来源结构。
Disclaimer: The information on this page may come from third parties and does not represent the views or opinions of Gate. The content displayed on this page is for reference only and does not constitute any financial, investment, or legal advice. Gate does not guarantee the accuracy or completeness of the information and shall not be liable for any losses arising from the use of this information. Virtual asset investments carry high risks and are subject to significant price volatility. You may lose all of your invested principal. Please fully understand the relevant risks and make prudent decisions based on your own financial situation and risk tolerance. For details, please refer to
Disclaimer.
Articoli correlati
USDC Circulation Decreases by 700M Over Past 7 Days, Total Supply Reaches 78B
Gate News message, April 26 — Over the past seven days through April 23, Circle issued approximately 5.1 billion USDC while redeeming about 5.8 billion USDC, resulting in a net decrease of 700 million USDC in circulation.
USDAC's total supply stands at 78 billion, backed by approximately $78.2 bill
GateNews1h fa
RookieXBT-Linked Wallet Purchases 1.89M SPIKE Tokens for 25,000 USDC
Gate News message, a wallet address associated with @RookieXBT has executed a transaction spending 25,000 USDC to acquire 1.89 million SPIKE tokens.
GateNews11h fa
USDC Circulation Decreases by 700M in 7 Days to 78B; Reserves Stand at 78.2B
Gate News message, April 25 — In the seven days through April 23, Circle issued approximately 5.1 billion USDC while redeeming about 5.8 billion, resulting in a net decrease of 700 million USDC in circulation. Total USDC circulation stands at 78 billion, backed by approximately 78.2 billion in
GateNews04-25 11:05
OSL Group and Circle Partner to Expand USDC Access Across Trading and Payment Platforms
Gate News message, April 24 — OSL Group (HKEX: 863), a global stablecoin payment and trading platform, announced a partnership with Circle (NYSE: CRCL), a leading financial platform company, on April 22 to expand USDC access across OSL's payment and trading ecosystem.
Through OSL Global, OSL's
GateNews04-24 19:19
Major CEX Launches Crypto Payment Card on Mastercard Network in Australia, Enabling USDC Payments
Gate News message, April 24 — A leading centralized exchange has launched a crypto payment card in Australia, partnering with Mastercard and Immersve to enable crypto-backed payments at merchants accepting Mastercard, including Google Play and Apple Pay. The service supports USDC and 37 USDC
GateNews04-24 18:42
Circle Mints 500M USDC on Solana in Two Transactions
Gate News message, April 24 — Circle, the stablecoin issuer, just minted 500 million USDC on the Solana blockchain, according to on-chain data.
The minting was completed in two separate transactions, each involving 250 million USDC.
GateNews04-24 15:32
