NDV founder: Pay close attention to Circle's pullback opportunities, stablecoin competition is beneficial to expanding the crypto market space

Comparing news, Jason Huang, founder of NextGen Venture (NDV), wrote that the agency had previously successfully warned of Strategy (MSTR) pullback risks in advance, but is currently operating in the opposite direction and is beginning to include Circle (CRCL) in the watch list to find opportunities when market sentiment is under pressure.

According to Jason Huang's analysis, Circle's stock price fell by about 14% yesterday. The background was that the joint launch of Open USD by several financial institutions raised concerns about increased competition, but this logic was misinterpreted by the market: the joint entry of large institutions will not reduce the size of the stablecoin market; on the contrary, it may expand the overall “cake.” Currently, the total market value of global stablecoins is only about $317 billion, and the industry is still in the early stages of growth. Historical experience shows that payment and finance projects jointly promoted by multiple parties often fail due to inconsistent incentives, such as Libra, etc., so the core competition pattern will not necessarily change in the long run.

Jason Huang revealed that Circle has now been included as one of the few tradable stablecoin-themed US stocks. Although it has not yet given a clear target price or immediate position opening plan, he said it will focus on tracking its quarterly execution and fundamental changes.