$Circle(CRCL.US)Circle Internet Group ripping while war headlines hit risk assets is actually logical.

War → macro stress → stablecoin demand up → USDC balances grow. At the same time, if US Treasury yields rise, Circle earns more on reserves. That’s a revenue + margin tailwind combo, which can feel like a mini Davis double-click (earnings growth + multiple expansion).

It’s narrative-aligned strength, not random. But if yields fall or crypto cools, that leverage works both ways.

@Bridge Buzz SG