.@Circle (the issuer of USDC) is tearing it up on the stock market 💵. Its entry was explosive: with an introduction price of $31, the stock closed at $83 on the very first day… and is trading today at over $200
Why?
Because the stars are aligning:
Support from strong institutions (BlackRock, Ark Invest), a regulatory framework that is clarifying at just the right time in the USA 🇺🇸 (GENIUS Act) and especially persistently high interest rates that boost profits from dollar reserves (which are the very basis of stablecoins)
The bet is simple: Circle is a regulated and publicly traded USDT. When we see Tether's revenues, we understand why investors are rushing in
But this stock does more than just follow the crypto market: it creates a new category of securities in my opinion. Unlike tech firms, Circle is almost counter-cyclical
When the Fed raises rates → its revenues climb
When the Fed lowers them → they will mechanically drop
In short, it’s the opposite of most growth or tech assets: a crypto asset, but one that reacts differently to interest rate changes.
An anomaly that attracts and allows for portfolio balancing$XRP $SOL