According to ChainCatcher, citing The Block, after Circle's stock price plummeted due to regulatory concerns, asset management firm Bitwise stated that its valuation could reach $75 billion by 2030, believing the market reaction was excessive.
Bitwise Chief Investment Officer Matt Hougan stated that the relevant legislation has not changed the fundamental growth logic of the stablecoin market, citing Citigroup's forecast that the stablecoin market could reach $1.9 trillion by 2030. He pointed out that interest income is not the core driver of stablecoin growth.
Furthermore, institutions such as William Blair believe that despite remaining uncertainties in regulatory statements, stablecoins have clear value in cross-border B2B payments, and their long-term prospects remain largely unaffected. Some analysts also point out that restricting profit distribution could actually weaken competitors' ability to attract liquidity through high yields, thus benefiting Circle.
