Circle’s Staggering 2,950x P/E Ratio Ignites Crypto Market Debate, Highlighting Deep Stock Market Ties
NEW YORK, NY – June 22, 2025 – The cryptocurrency market is grappling with major questions of valuation after a tweet from CryptoQuant CEO Ki Young Ju revealed a jaw-dropping 2,950x price-to-earnings (P/E) ratio for Circle, the issuer of the popular USDC stablecoin. This astronomical figure, when compared to the 58x P/E ratio of crypto exchange giant Coinbase, has triggered intense debate among traders and analysts about market sustainability and the intricate correlation between crypto and the stock market.
Circle’s sky-high valuation suggests extreme investor optimism about its future earnings, likely fueled by the widespread adoption of its USDC stablecoin, which boasts a market cap of $32.5 billion. However, this has also…
