The advantages of Circle stablecoin are obvious, and analysts are optimistic about its long-term development prospects.

[Chain News] PANews August 13 news, a certain brokerage analyst report states that Circle, with its Liquidity, regulatory advantages, and payment infrastructure, is expected to dominate the stablecoin market in the long term, maintaining its stock price target of $230, which has a 40% pump potential compared to the current level. Analysts expect the third quarter to be a key observation period.

Circle recently announced plans to launch Arc, a Layer 1 blockchain focused on stablecoins, which will go live with a testnet this fall. Arc will use USDC as its native Gas, providing a stablecoin forex engine, fast settlement, and optional privacy features.

Circle's Q2 financial report shows that the circulation of USDC increased by 90% year-on-year to $61.3 billion, further rising to $65.2 billion as of August 10. Total revenue and reserve income grew by 53% year-on-year to $658 million, but due to IPO-related expenses, there was a net loss of $482 million.

ARC8.64%
USDC0.01%
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CountdownToBrokevip
· 6h ago
The last car is waiting for bankruptcy~
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ZkSnarkervip
· 08-14 14:39
well technically circle's just playing 4d chess with their regulatory game
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RugResistantvip
· 08-13 14:30
lmao circle tryna pull off their own l2... sketchy af tbh
Reply1
BearMarketBuildervip
· 08-13 14:23
Recently, I've been enjoying a lot while following USDC.
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GateUser-0717ab66vip
· 08-13 14:13
All in USDC!
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