Bitwise: Circle Payment Infrastructure Severely Undervalued by the Market, Stablecoin Market Could Expand to $5 Trillion

TechFlow News, August 11, according to CoinDesk reports, Bitwise Head of Research Ryan Rasmussen stated in an interview that as the stablecoin market expands from its current scale of approximately $300 billion to $3 trillion to $5 trillion, Circle's market opportunity is being severely underestimated by investors. He pointed out that the market is currently focusing only on Circle's reserve yield business, while ignoring the payment infrastructure it is building, this "second growth curve," and compared Circle's long-term potential to Visa and Mastercard.

Rasmussen also mentioned that whether Circle's Arc blockchain, as a Layer-1 network designed specifically for stablecoin payments, can be adopted and integrated by the traditional financial system will be the key metric to watch in the coming year. He predicted, "Looking back in five years, Circle will not only be a stablecoin giant, but also a payment giant."