Foresight News reports that Matrixport stated, "Circle's market capitalization has reached $60 billion, almost equivalent to the value of its outstanding USDC, which is $61.2 billion, and has remained relatively stable over the past three months. Compared to Coinbase's $78.3 billion market capitalization, this valuation is particularly striking as it highlights a shift in investor focus — leaning more towards the long-term potential of stablecoin issuers rather than the more diversified cryptocurrency brokers. Regardless of how the valuation ultimately concludes, one thing is clear: investors are increasingly attracted to cryptocurrency companies that provide core infrastructure and access. The surge in initial public offerings (IPOs) across the cryptocurrency space is another strong signal of institutional interest, which is one of the reasons we believe that even if short-term consolidation continues, Bitcoin prices will remain high this year."

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