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Matrixport: Market Focus Shifts to Core Crypto Infrastructure Companies such as Stablecoin Issuers Influenced by Circle
Summary: Matrixport released a chart today indicating that Circle's latest valuation has reached $60 billion, almost matching its circulating USDC total ($61.2 billion), and has remained stable over the past three months. In contrast, Coinbase's current market value is $78.3 billion. The sharp contrast between the two reflects the market's gradual shift in focus from diversified ...
Matrixport released a chart today indicating that Circle's latest valuation has reached $60 billion, almost matching its circulating USDC total ($61.2 billion), and has remained stable over the past three months. In contrast, Coinbase's current market value is $78.3 billion. The sharp contrast between the two reflects the market's gradual shift in focus from diversified trading platforms to core crypto infrastructure companies such as stablecoin issuers. Regardless of how the final valuation settles, a trend is becoming increasingly clear: capital is flowing towards infrastructure-focused crypto companies. The recent IPO frenzy once again confirms institutional funds' continued involvement. We believe this is one of the factors supporting Bitcoin's potential to maintain its strength this year, even if short-term consolidation is not yet over.
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Link: Matrixport: Market Focus Shifts to Core Crypto Infrastructure Companies such as Stablecoin Issuers Influenced by Circle [Copy]
