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Stock impact report

Bitwise CIO Says Circle Could Be Worth $75 Billion by 2030 [Yahoo! Finance]

Coinbase Global, Inc. - 3Class A (COIN) 
US:NASDAQ Investor Relations: convertedorganic.com
Company Research Source: Yahoo! Finance
USDC (CRYPTO: $USDC), could be worth roughly $75 billion by 2030, as stablecoin adoption and interest-driven revenue continue to scale. According to a weekly Bitwise CIO memo published on Wednesday by Matt Hougan, the estimate assumes the stablecoin market will grow to $1.9 trillion by 2030, with Circle maintaining its current 25% market share. Hougan says Circle's business model is driven by interest earned on reserves backing USDC, with current yields tied to U.S. Treasury rates. While headline yields are around 4%, distribution agreements reduce the firm's effective take rate to roughly 1.6%. More From Cryptoprowl: MoonPay Launches New Cross Chain Funding Options For Pump.Fun Traders Ripple, The Company Behind XRP, Is Valued At $50 Billion Eightco Secures $125 Million Investment From Bitmine And ARK Invest, Shares Surge Blockchain Projects Decline 75% As Developers Shift To A.I. Stanley Druckenmiller Says Stablecoins Could Reshape Global Finance The Bitwise CIO be Show less Read more
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