“The Investment Bank Initated Coverage of Circle with An “Outperform” Rating.”, – WRITE: www.coindesk.com
The FIRM SEES CIRCLE as A Central Force in the Transition from Fiat to Blockchain-Based Payments, Particularly in Cross-Border B2B Transactions, A Market Worth Worth As Much As
The Bank’s Theisis Rests on the Belief That Stablecoin Commerce, Led by USDC, Will Replace Fiat in Global Business Payments. Circle, WHICH MAKES MONEY PRIMARYTHILY INTEREST EARned on USDC Reserves, is Expert to See that Revenue Stream Grow As More Institutes Adpt Stablecoins For Faster, Cheaper.
William Blair Projects USDC’s Market Capitalization to Double by 2027, Reaching Nearly $ 150 Billion. In that Scenario, Circle’s Adjusted Ebitda Coulda Surpass $ 1 Billion, with Margins Expanding As The Company Diversifies Beyond It Largest Distribution Partner, Coinbase.
While Circle’s Current Revenue Model is Heavly Reliant on Treasury Yields, The Bank Believes the Real Upside Lies in Infrastructure that Circle Is Building. The Circle Payments Network (CPN), A SMART CONTRACT-BASED SYSTEM Designed to Connect Banks, Blockchains, and Fintechs, and ARC Bets.
Circle’s Biggest Risk, The Bank Notes, is Timing. Much of USDC’s Current USAGE is Still Confined to Crypto Trading, Not Commerce. Broader Adoption of Stablecoins in Business Will Take Time.
Interest Rate Cuts, While Lowering Circle’s Yield Income, May Ironically Help Drive USDC Adoption by Reducing The Opportunity Cost of Holding Stablecoins Over Fiat.
Regulatory Clarity is Another Hurdle. The Genius Act Has Laid Groundwork for Us Stablecoin Oversight, But Uncertaainties Remain AUND YIELD OFFINERS AND TOKEN CLASSIFICATIES.
The Report Also Highlights of the Implications for Coinbase, Which Earns A Poction of USDC’s Reserve Yield and Operates As Circle’s Largest Distribution Partner. William Blair Believes Coinbase Is Undrapprecated As A Strategic Player in USDC Adoption and Expects Strong Future Revenue Growth From ITS Role in the EcoSystem.
Thought Circle Trades at At a Premium-57 Times Expectioned 2026 EBITDA-The Bank Argues that Valuation is Justified Given Its Long-Term Profit Potential. If Circle Succeeds in Making USDC The Global Default for Cross-Border Commerce, that Premium Could Pay Off.
Combined Spot and Derivatives Trading on Centralized Exchanges Surged 7.58% to $ 9.72 Trillion in August, Marking The Highest Monthly Volume of 2025
- Combined Spot and Derivatives Trading on Centralized Exchanges Surged 7.58% to $ 9.72 Trillion in August, Marking The Highest Monthly Volume of 2025
- Gate Exchange Emerged As Major Player With 98.9% Volume Surge to $ 746 Billion, Overtaking Bitget to Become Fourth-Largest Platform
- Open Interest Across Centralized Derivatives Exchanges Rose 4.92% to $ 187 Billion
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Ark Invest Has Reportedly Taken A 11.5% SOLMATE (SLMT) STAKE WHILE The COMPANY SAID IT BOUGHT $ 50 Million Discounted Sol From Solana Foundation.
- Solmate (Slmt) Says A Scherdule 13G Filing Shows Ark Invest OWNS Approximately 11.5% of the Shares As of Sept. 30, 2025.
- The Company Also Says It Boughht $ 50 Million Wrth of Sol from the Solana Foundation at A 15% Discount.
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