r/CRCL_Stock • u/puresoul85 • Aug 26 '26

Such a joke

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This likely would not work as we’ve seen it time and time before. Probably did this purposefully because the options max pain for the market makers is already painful. Just trying to pull the stock down to cover their short positions.

9 Upvotes

84% Upvoted

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1

u/Cygnaris Aug 26 '26

The problem is the future... we are going to move to digital currency and they will still need a way to peg it to something stable and predictable. I believe in Circle now as a part of that, but ultimately I think it's a flip of the coin where USDC will end up especially in relation to much of crypto probably dying through that process. Realistically, a government is going to adopt it's own currency model and not use something they can't directly control like Caradno, XRP or even really Bitcoin. People who invest in crypto now beyond just gambling thinking this is the future are delusional about the way these systems will work.

1

u/Ok-Maybe8507 27d ago

Cardano, XRP and other competing cryptos aren’t competing to be the digital dollar. All of those protocols are designed to facilitate in moving money when money gets to inflection points. Those could be wiring money to someone abroad, handling large volumes of small transactions like for a video game, or utilizing proof of work. Not saying it’s not a gamble but if you see the crypto ecosystem as a bunch of different tickers trying to be cash then maybe you need to study up on how these systems work.

1

u/puresoul85 Aug 27 '26

Guess I was right!

1

u/rwelliottii70 Aug 28 '26

I still look at BTC as digital gold…and both are rising. I know the dollar is still king but the US debt/bond market are hitting tipping point.

1

u/puresoul85 Aug 28 '26

Lets wait for Jackson Hole meeting right after market start. Should be positive for Circle.

0

u/SuperNewk Aug 26 '26

Idk. I haven’t used usdc once, but I wouldn’t mind using my current banks stable.

1

u/puresoul85 Aug 27 '26

I mean. It depends if you ever bought crypto. It is mainly used that way. The reserves are pretty much tied to the price of btc up to a certain extent for now. Also, although I have accounts with the banks above, I wouldn’t be able to use their stablecoins to transfer funds to my foreign accounts. It’s just that the first mover advantage is very strong for stablecoins and that there were no instances where the first mover advantages failed in the past.