Circle hits $90: Is Wall Street starting to embrace stablecoins?

When Circle reaches $90, it's driven not just by a single earnings report, but more like a re-pricing by the capital markets of "compliant crypto infrastructure."
Stablecoins play a settlement layer role in the crypto ecosystem. The size and trading activity of USDC are highly correlated. If regulatory frameworks become clearer, institutions will be more willing to use compliant stablecoins, and Circle will naturally benefit.
From a valuation perspective, the market assigning $90 indicates higher expectations for future cash flows. But caution is also needed regarding reliance on "interest rate premiums"—in a high-interest-rate environment, reserve yields are substantial. If interest rates decline, profit elasticity will narrow.
A humorous note: Circle sells digital counterparts of the dollar, while Wall Street buys the certainty of compliance.
The core issue is not whether it can reach $90, but whether it can sustain growth through the cycle transition. #Circle股价触及90美元