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Airwallex CEO: Time to Short Circle

Summary: Jack Zhang, co-founder and CEO of Airwallex, a corporate payment and financial platform, posted on X platform that it's time to short Circle. Zhang previously questioned the utility of stablecoins in mainstream currency cross-border transactions. Stock trading data in the US shows that Circle's stock price surged to over $210 this week, with a nearly ...

Jack Zhang, co-founder and CEO of Airwallex, a corporate payment and financial platform, posted on X platform that it's time to short Circle. Zhang previously questioned the utility of stablecoins in mainstream currency cross-border transactions. Stock trading data in the US shows that Circle's stock price surged to over $210 this week, with a nearly 40% increase in a single day, pushing its market value over $48 billion.

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