Think It's Too Late to Buy Circle Internet Group? Here's the 1 Reason Why There's Still Time
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Circle Internet Group, which went public on June 5, saw its stock rise 750% initially but then drop over 50%. Despite this volatility, analysts predict significant growth in the stablecoin market, potentially reaching trillions by the end of the decade. Circle's revenue, primarily from interest on reserves, could increase as demand for its USDC stablecoin rises. Citigroup forecasts a stablecoin market worth $1.9 trillion, with a bull case of $4 trillion, suggesting potential for Circle's stock to rebound if market trends continue favorably.
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