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Circle shrugs off Jefferies warning as USDC dominates stablecoin trades

Category: Stablecoins

This story matters because it changes the way the market should think about the current crypto narrative, not just because it adds one more event to the feed.

Circle shares have climbed despite a bearish analyst note from Jefferies, as fresh data has shown USDC processed more than twice the adjusted stablecoin trading volume of Tether’s USDT in June. According to Grayscale Head of Research Zach Pandl, stablecoins…

The key is how this development fits into the broader picture — capital flows, policy momentum, platform trust, or ecosystem direction — rather than the isolated headline alone.

Bottom line: this is worth covering because it adds real signal, not because it merely exists.


Source: https://crypto.news/circle-shrugs-off-jefferies-warning-as-usdc-dominates/
Source type: Approved crypto-news source
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