🚀 $42B Overnight: How a "Money Wrapper" Became Wall Street's Hottest Stock
Circle (USDC stablecoin issuer) surged 675% in 11 days —now valued at $295 per $1 of earnings —by doing one thing: holding your cash & keeping the interest.
Why? The Senate’s "Genius Act" could make stablecoins the next Visa. But critics call it a "Treasury ETF in a trench coat" —totally dependent on Fed rates.
Fun fact: If rates drop or rivals copy, this $50B "glorified receipt" could implode.
https://gizmodo.com/the-50-billion-company-that-does-almost-nothing-2000618670
#Stablecoin #CryptoBubble #WallStreet #Fintech #FedPolicy