CoinDesk·3 min read·medium

Bitwise's Rasmussen: Circle is mispriced as stablecoins head toward trillions

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Bitwise's Rasmussen: Circle is mispriced as stablecoins head toward trillions
AI Summary

Bitwise analyst Matt Hougan suggests that Circle is undervalued as the stablecoin market prepares for massive growth. The report highlights Circle's potential to expand beyond simple issuance into broader payments infrastructure via its Arc blockchain.

Closer look: Rasmussen’s thesis isn’t just that more stablecoins mean more reserve revenue for Circle — he sees payments infrastructure becoming a major second business.

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