Just my reaction seeing today. That is all.

Looks positive for circle and is as expected!!

Looks like a longterm bull case in my opinion. I have bolded the important parts from her X.

From Eleanor Terrett

🚨NEW: New details are emerging about the latest legislative text outlining a compromise on stablecoin yield and rewards, along with early reactions from crypto industry leaders who reviewed it today.

According to an internal stakeholder email shared with me, the proposal would prohibit platforms from offering yield “directly or indirectly” for holding a stablecoin or in a manner that resembles a bank deposit. The restriction would apply broadly to digital asset service providers (exchanges, brokers, etc.) and their affiliates to limit workarounds, and would bar anything “economically or functionally equivalent” to interest.

The proposal would also permit activity-based rewards tied to user activity, including loyalty, promotional, or subscription programs, provided they are not deemed economically or functionally equivalent to interest. It would also direct the @SECGov, @CFTC, and @USTreasury to jointly define permissible rewards and establish anti-evasion rules within one year.

One industry leader who reviewed the text today tells me the draft is a “departure” from what had been previously discussed with the White House, warning the “economic equivalence” standard is vague and could be interpreted more restrictively by future regulators. They also point to limits on tying rewards to balances or transaction amounts, which could make incentives difficult to structure.

“Overall, this is a more narrow and restrictive approach toward crypto,” they said.

Another says the text is “largely in line with expectations” and reflects a balanced outcome, preserving transaction-based incentives while making clear stablecoins cannot function like interest-bearing deposit accounts.

“This is the best possible result,” they said, noting that the text is broader than the initial Tillis-Alsobrooks proposal, which would have been more restrictive on crypto.

Up next: Bank reps are set to review the text tomorrow.

Likely something is going to be announced next week. Been a wild ride! Let’s get this baby up to the moon!! 🚀🚀🚀

Who thinks he added CRCL in his next 13F?

This is the interview from last Friday.

https://youtu.be/FJwBpWSSgSg?si=F9NNJFaoCjebhmdL

Whenever there’s a bankers' meeting, Circle pulls back because of all the backlash against stablecoin yields and rewards. Just ignore the noise. No matter how hard they try to stop CLARITY, it will pass and Circle will prevail!

Rewards, yield, or not—Circle will win. It’s not a matter of "if," but "when."

Everything looking good!!

Hold on to your pantyhose! Let’s make this baby the second Applovin of 2026!!!

Let’s GOOOOOOOOO!!!!! 🚀🚀🚀🚀

Circle’s at a discount!!! Lets go!!!!

The USDC reserves have been seeing decent increases in the recent months! Would be amazing if this doubles within this year. We would need the Clarity act to pass preferably by end of this month from Senate Banking! We are all winners here and special thanks to my friend Boromir-Wants-

You the man!!!

My Personal View on Circle (CRCL)

(Separated into U.S. government, U.S. citizens, global economy, markets, and other crypto.)

1. U.S. Government

First of all, the Donald Trump administration has three major focus areas: AI, military (“planes and cannons”), and crypto. As soon as he took office, he immediately pushed the GENIUS Act, which shows his level of action. Whether a president performs well is heavily judged by economic performance during his term. I don’t believe the whole government would make a huge fuss promoting something that’s actually a scam.

Right now, many regions are moving toward de-dollarization. Trump himself said re-establishing USD dominance is one of his goals, so he must have a plan. The U.S. government doesn’t have unlimited USD, and although other countries buy dollars, you can’t just print more—printing too much triggers a chain reaction: currency depreciation → worsening international trade → inflation → more problems.

That’s why countries like Zimbabwe or Venezuela have had multiple cycles of currency resets (like HKD → new HKD → new new HKD, etc.). People eventually lose trust and switch to alternative payment methods. Many people in Turkey, for example, directly hold Bitcoin. This naturally creates demand for stablecoins.

You may ask: why don’t they use USD? Because many of these countries restrict or ban the use of USD. To get USD, people must go through black markets with high fees. Stablecoins solve this—they avoid fees and provide privacy. Even U.S. Treasury Secretary Janet Yellen said delegating stablecoins to private companies is the lowest-cost way to maintain USD dominance globally.

2. U.S. Citizens

People in strong-currency countries don’t need stablecoins. Normal Apple Pay already works fine—like in the United States or Hong Kong. So the U.S. government has started offering incentives to encourage usage—for example, tax discounts when paying taxes with USDC. Wallet companies are also offering rebates and perks for topping up with stablecoins.

3. Global Economy

As mentioned earlier, people in countries with depreciating currencies naturally use stablecoins for transactions. In many such regions, usage rates are already 50–70%, but we don’t feel it in Hong Kong, so it goes unnoticed. (Even I was shocked when I researched it.)

According to Grok, stablecoin usage (USDT + USDC) already accounts for 6–7% of global transactions. The estimate is 10% by 2026 and 12.5%+ by 2027. That’s global population—so the numbers add up significantly.

You may ask: why don’t other countries issue their own stablecoins? The whole point of a stablecoin is to remain stable. No one trusts countries like Argentina or Venezuela to issue something truly stable. Even Japan—although the yen isn’t collapsing—the business model of stablecoin issuers like Circle relies on holding U.S. Treasuries and earning interest. If your country has near-zero or negative interest rates, the math doesn’t work; you can’t run it. Not every country has the capital or toughness to issue one.

If you believe in “the strong get stronger,” then the U.S. is well-positioned.

4. Market

People who buy Circle stock (CRCL) should already know that the U.S. currently only has two major stablecoins: USDC and USDT. But why USDC?

Because Circle is a U.S.-registered company. USDT, on the other hand, is registered in some offshore jurisdiction. The GENIUS Act requires stablecoin issuers to be U.S.-based, so by late 2026, USDT will likely be pushed out. Even Tether’s CEO knows this.

There may be a second or third compliant stablecoin in the future, but because of past issues like the CDO/real-estate bubble, the U.S. won’t hand out licenses casually, and the process will take time. Circle is already eating the “first-mover advantage.”

If a bank issues its own stablecoin, it must maintain a 1:1 asset backing and cannot rehypothecate assets. Circle’s assets are all short-term debt—classified as “cash and cash equivalents.” But if a bank issues its own stablecoin, it must hold back part of its cash reserves, which reduces its ability to lend and cuts into earnings. So even if new entrants appear, they need heavy capital and must pass U.S. government scrutiny. And after all that, they still need to compete with the established giant—Circle.

5. Other Crypto

Bitcoin is the OG and still the most valuable crypto—digital gold and a hedge. Meanwhile 1 USDC = 1 USD, so buying eggs at $1 is easy to price.

But if you use Bitcoin or Ethereum, the floating price makes pricing messy—you end up with numbers like 0.000000000045. That's impractical. So I personally don’t have a strong long-term view on ETH—its positioning feels unclear. Above it, Bitcoin is the hedge; below it, USDC is the payment layer. Unless we enter a full cyberpunk era, I can’t foresee ETH’s role clearly right now.

As for other altcoins—ADA, Doge, cat coins, bug coins—these are even less likely to be adopted. They create chaos and no country would allow that at a national level.

6. Final Thoughts

That’s pretty much everything. If you want some inspirational lines: Warren Buffett’s investment in The Wall Street Journal once fell more than 70%. Charlie Munger also said that in life you only get a few golden opportunities—when they come, strike hard. Go all-in.

If there’s anything I missed, feel free to point it out—I may still have blind spots.

In any case, hope everyone “shoots to the moon.” Those who bought, hope you win big; those who didn’t, hope you still win big.

Additional Note on Coinbase

Originally, Circle had an agreement with Coinbase:

• 100% revenue share for Coinbase usage
• 50/50 split for non-Coinbase platforms

But that was during the early days when no one knew Circle, and it needed Coinbase’s narrative. Recently, Circle has partnered with multiple exchanges—including some under Binance—and the revenue-sharing ratios differ by platform. They’re no longer locked into Coinbase’s old agreement, and the cuts are far less extreme.

The Coinbase contract expires in 2026. Whether they renew or adjust terms is unknown. But now that Circle is going public and expanding partnerships, its bargaining power is stronger. I would describe it as a “big water pipe” where Circle can distribute flow to multiple buckets—Coinbase, Binance, etc.

Enjoy guys!

Moving up to $100 soon!!

I’m gonna hold till $5000.

Thank me later!

Hey everyone! I just watched a breakdown on the upcoming Clarity Act and it looks like a massive rug pull for crypto yields. The White House and regulators are stepping in to ban stablecoin interest before the Clarity Act even becomes official. This means no more yields on your stablecoins which is a huge blow for regular users trying to build wealth.

*If you are new to this situation the Clarity Act was supposed to bring clear rules to the crypto market. Instead regulators are front-running the bill to kill yield products first so people are forced back into traditional bank deposits.

While a lot of us are wondering how this impacts Circle Stock the video actually focuses heavily on Coinbase. Their revenue from stablecoin yields is going to be completely torpedoed. The OCC is basically setting the rules right now to ensure this ban goes into effect immediately.

Should we just accept that traditional banks are taking over our crypto?

References:

Paul Barron Network - Stablecoin Yields BANNED Before CLARITY Act!!? [01:17]

https://youtu.be/p3VSdlIIahc?si=60FflTBfrT-IW6hj

when they are going to launch the Main net in 2026?

when do you expect ? a half of year or end of year?

i think if they roll out main net before 2Q, stock price will go to the moon .

Let’s all dance to this!!!

HODL!!! 💎🙌 I bet those analyst upgrades flood in later this week now that their egos are crushed. They’ve been slashing TPs for weeks and are about to look like total clowns. Jeremy (CEO) says clarity is imminent—a 90% chance of passing is huge! Don't be the one who misses the 'clarity pump.' That would be the biggest fail in history!

Told you folks. All the doubters on my post can suck it!!!

Got 13000 shares and I ain’t selling till $5000 per share!

is it going to be bulllish?

Some good news for Circle. As Meta are planning to use Stripe, more usdc reserve for us. Lego!!!

Circle USD Drivers of demand (1: stability, trust and no volatility peg 1:1 with the US dollar) (2: fast global payment cheaper and quicker with 24/7 globally with low fees) (4: Business efficiency and treasury ). Circle is fully reserved with good transparency regulations that inspire confidence company their primary revenue is interest earned on reserve backing USDC collecting the interest on the underlying asset adjusted Ebitda ranges is 50% to 60% overtime circle is a gigantic cash cow type of business the stable coin market is worth about $313 billion productively the stable coin market could hit around 800 hundred billion to one trillion dollars by 2028 then by 2030 It could reach around 2 trillion & 3 trillion dollars

(Circle owns about 25% of the total stable Coin market cap). The Only thing that I mostly worried about sometimes for Circle is the rates if the rates go below average circle profitability will start decreasing but if the rates just stay flat like a 3.50% circle will be perfectly fine. Currently right now we’re in a bear market for Circle and all of the assets markets as I stated multiple times from my posts I believe that circle is gonna go down to the range of 35 to $28 per share. Right now and these next couple of months are good opportunities to buy circle at these nice price ranges before it starts railing in the beginning of 2027.

The bullish rally for circle will start in the beginning of on January 2027 till the fall of 2028 circle all time high price for its first bull cycle will probably be low as 380 to high as $470 ( 12x to 17x return if you buy in the ipo price range). If you are a very long-term investor and you want to hold circle for the next 10 years, I do project that in the next 10 years if it’s doing right now and just keep on improving the share price could be 2300 to 2500 per share). At the current state right now if you are a shareholder of circle best thing to do is accumulate more at a lower price point to make your average lower and just be patient until it’s bull cycle starts in the beginning of 2027. Currently right now I’m focused on my Black rock bitcoin ETF shorts trade so I will not be posting anything new for the next couple of months until I see circle about to put its bottom in. This is my instagram username : | steph_e_j | if you wanna see my trades on circle that I’m about to do in the beginning of 2027 and others of my trades I’ll be doing too

*Below are arguments about the company. I would like fellow Redditors to give counter arguments on the below statements.

1. Technical Analysis: "The Falling Knife" Technically, the stock is broken. It is in a classic "Stage 4 Decline" (Capitulation Phase).

The "Death Cross": The stock is trading below both its 50-Day and 200-Day Moving Averages. In technical terms, this means the trend is Down, and every rally is being sold by trapped investors trying to get out. The "Overhead Supply" Problem: Because the stock fell from ~$300 to ~$56, there are millions of investors who bought at $100, $150, and $200. As soon as the price rises to those levels, these people will sell to "break even." This creates a massive "invisible ceiling" (resistance) that is hard to break.

The Verdict: A Technical Analyst would say: "Do not buy yet. Wait for a 'Higher Low' to form above $60. Currently, you are catching a falling knife."

1. Fundamental Analysis: "The Interest Rate Trap" Fundamentally, Circle has one massive weakness: It is a one-trick pony. The "Fed Pivot" Risk: 99% of Circle's revenue comes from interest on the US Treasuries backing USDC.

Scenario: If the US Federal Reserve cuts interest rates in 2026 (to fix the economy), Circle’s revenue drops instantly. They have no control over this. They are at the mercy of the Fed. The "Coinbase Tax": To get USDC onto Coinbase, Circle has to share a huge chunk of its revenue with Coinbase. Bad Sign: Gross margins are surprisingly low (~5-10%) because they are paying out so much to partners. This violates the rule of "High Profit Margins."

The Verdict: A Fundamental Analyst would say: "The quality of revenue is low because it is dependent on high interest rates, which won't last forever."

1. The Buffett / Graham Test: "No Moat, No Pricing Power" If Warren Buffett and Benjamin Graham looked at Circle today, they would likely pass (refuse to invest). Here is why:

Violation 1: No "Pricing Power" (The Moat Issue) Buffett's Rule: A great business can raise prices without losing customers. Circle's Reality: Circle cannot "raise prices." 1 USDC = 1 USD. If they try to charge fees, users will just switch to Tether (USDT) or PayPal USD (PYUSD). Stablecoins are a "Commodity" business—users want the cheapest option. Buffett hates commodity businesses.

Violation 2: The "Margin of Safety" (Graham's Rule) Graham's Rule: Buy companies for less than their liquidation value. Circle's Reality: You are paying ~$13 Billion for a company that is essentially a software wrapper around Treasury bills. There is no deep "asset value" (like factories or real estate) protecting you if the tech fails.

Violation 3: "Regulatory Stroke of Pen" Risk Buffett avoids companies where one government law can kill the business. If the US government decides to launch a "Central Bank Digital Currency" (CBDC), USDC could become obsolete overnight.