BlockBeats News, March 25 — After the stock price dropped about 20% this Monday, market institutions remain optimistic about Circle’s prospects. Bitwise Asset Management believes that as the stablecoin market expands, Circle’s valuation could reach $75 billion by 2030.
Bitwise CIO Matt Hougan stated that, according to Citigroup’s forecast, the stablecoin market size could reach $1.9 trillion by 2030, with USD Coin currently holding about 25% market share, and the growth logic remains unaffected by policy.
Previously, there was market concern that the draft of the U.S. Clarity Act might restrict incentives related to holding or using USDC, triggering sell-offs. However, analysts including William Blair and Bernstein believe that the law will have limited long-term impact on Circle’s fundamentals and may even weaken competitors’ ability to attract liquidity through high yields.
Meanwhile, competitor Tether is advancing its compliance process, including introducing “Big Four” audits, in an effort to expand its influence in the U.S. market. Analysts note that despite increased competition, first-mover advantage could still help Circle maintain its market position.
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