Management provided 40% CAGR for the USDC circulation, alleviating the worst case fear of 30% or below. Very confident in their B2B payment network and pointing investors to this as a key growth area going forward
Negative:
Not really addressing the interest rate impact (this is kind of beyond their control) CPI number today has pretty much made Sept rate cut a certainty, and 3 rate cut possiblity has gone up from 45% to 52% after the release of CPI
Overall, CRCL should stablize and range trade for some time
Positive
Management provided 40% CAGR for the USDC circulation, alleviating the worst case fear of 30% or below. Very confident in their B2B payment network and pointing investors to this as a key growth area going forwardNegative:
Not really addressing the interest rate impact (this is kind of beyond their control) CPI number today has pretty much made Sept rate cut a certainty, and 3 rate cut possiblity has gone up from 45% to 52% after the release of CPIOverall, CRCL should stablize and range trade for some time