Anyone else in CND.U? Curious if anyone has interesting / well developed takes on Circle. Tether is likely a huge scam — whether that’ll blow them up or not is another story. A fun / convincing video on this here by Coffeezilla on YouTube. Circle is the company that runs the second largest stablecoin, USDC, whose market cap is approaching half of tether’s and growing at a quicker rate. They do this with the help of Coinbase. In addition, they are significantly more transparent with their holdings, and they have plans to become a full reserve national digital currency bank. They also make money through their API, allowing companies to use USDC to seamlessly move capital internationally.
To me, this sounds like a huge opportunity. Absolutely massive if the crypto space continues to grow remotely as quick as it has. My main concerns are around valuation — this is a company unlike literally any public company out there, and is therefore tricky to value. Anyway, I’d like to hear other thoughts & any challenges to my thoughts. Thanks.
Submitted August 24, 2021 at 03:49AM by swagendieck https://ift.tt/3jaIJUw
