Crypto Disruptor or Overvalued Risk?
The battle for dominance in the $250 billion stablecoin market is intensifying, and Circle (CRCL) finds itself at the center of a heated debate. While bulls argue that its USD Coin (USDC) is the “internet dollar” of the future, bears warn that overvaluation and regulatory headwinds could derail its growth. Let’s dissect the key metrics and risks to determine whether CRCL’s valuation holds up.
USDC’s Market Dominance: A Glass Half-Full or Half-Empty?
USDC’s circulating supply has hovered around $61–62 billion since April 2025, marking a six-month stagnation. While this might seem concerning, it’s critical to contextualize within the broader stablecoin ecosystem. Tether (USDT) continues to grow, now at $156 billion, but Circle’s USDC…
