Circle’s Narrative Arc
Is the USDC issuer's proprietary stablecoin chain the unlock that public market investors have been banking on?
Circle’s stock price has been slipping. While down 75% off its post-IPO highs, CRCL still trades at more than twenty times its annualized earnings.
The USDC issuer remains tasked with justifying a lofty $18B market cap in the face of a stablecoin supply that's been stagnant since October while lower future interest rates loom – a toxic combination of variables that is guaranteed to harm company revenues.
Enter Arc – a proprietary stablecoin-centric blockchain that represents one of Circle's boldest bets to level up its future gains in a stablecoin-centric economy. The public EVM-compatible network uses stablecoins for gas, features opt-in configurable privacy, and offers direct integrations with Circle’s tech stack.
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Jack Inabinet
Jack Inabinet is a Senior Analyst with a passion for exploring the bleeding edge of crypto and finance. Prior to joining Bankless, Jack worked as an analyst at HAL Real Estate where he conducted market research and financial analysis for commercial real estate development and acquisition activities in the Seattle region. He graduated from the University of Washington’s Michael G. Foster School of Business.
