Bitwise Analyst Claims Circle Undervalued Amid Multi-Trillion Stablecoin Growth

Bitwise research head argues Circle is mispriced, citing reserve revenue and payments infrastructure potential as stablecoins approach trillion-dollar scale.

Woofun AI notes that Bitwise Head of Research Ryan Rasmussen stated investors are underestimating Circle's opportunity as the stablecoin market approaches a multi-trillion-dollar valuation. Rasmussen emphasized that beyond reserve revenue, payments infrastructure represents a significant secondary business line for the firm. He dismissed competitive threats from banks and consumer companies launching their own stablecoins, while highlighting Circle's Arc blockchain as a key test for expanding into payment infrastructure.