So far, the post with the most exposure in CRCL is by a 45-year-old Chinese-American on Literature City, whose mindset is:

The Grand Leader's national strategy, replacing VISA, charging aggressively towards 2000.

For us so-called real users in the crypto space, we see it as: compliance costs are so high that there is no profit, a rate cut cycle can easily lead to losses, issuance relies on massive subsidies, and a reasonable valuation is 30-50, haha.

Just like in the crypto space, once a coin is listed, it becomes a bet and the fundamentals gradually detach, you need to know who you can pour it into.