Not sure about circle but this really was really pure genius. There is a concern around Treasury bills and lack of demand. I asked chatgpt what the estimated stablecoin market would be like, assuming it's in the trillions, that's trillions of t-bills and similar products that have to be purchased to stake the stablecoins. China and Japan not buying, no problem, stablecoin. My pick? TLT options.
Circle Dumping Risk? Cash Out at $150 or Time to Bottom?
Circle beats revenue but fell as it 5% as it files to sell 10M shares of Class A common stock.
Circle reported a net loss of $482 million in the second quarter, compared with a $33 million profit a year ago.
Revenue increased by 53% to $658 million, surpassing Wall Street estimates of $646 million.
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