107.4K @Meta8Mate From “CRCL 亏140W有感”,
to “CRCL梦醒了” and “再见 好好去打工了”.
They say don’t put all eggs in one basket, so you chose crypto and US stocks,
but why did you also pick crypto stocks within US stocks…
By the way, why do so many people like $CRCL, is it because stablecoins can’t be speculated?🫡 https://t.co/TaxxX5raJr
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393.6K @PhyrexNi 😂 No need to erase it, let's discuss properly—I'm not that petty.
First, I'm not indiscriminately bearish on $CRCL. I said this when CRCL was listed, and I still say it now; it's always been the same view: the revenue is relatively thin.
That said, I really don't want to discuss Circle anymore. I'm now fully into US stocks; there are so many selectable options in the US market that there's no need to spend so much time debating. If you think it's good, just buy it, regardless of what others say.
2.8K @alexlizeros #Circle #CRCL #USDC
Nowadays, a huge number of KOL bloggers indiscriminately bearish on CRCL—why do they always put the profit of stablecoin companies first?
What is a stablecoin?
What is redemption right?
Why buy U.S. Treasury bonds?
I think these so‑called big V’s are just talking nonsense.
1. The core purpose of a stablecoin is to keep fiat exchange rates stable; the issuer holds an appropriate reserve to redeem, avoiding redemption difficulties and exchange‑rate drops. Moreover, under current regulation, stablecoins must be compliant and focus on exchange‑rate stability—anything else is baseless.
2. Why buy U.S. Treasury bonds? Stablecoin firms aren’t looking to invest in high‑risk, high‑return projects for profit. A stablecoin equals fiat; it needs a company that can provide you with an equivalent exchange rate redemption, not a firm that boasts huge profits.
In other words, look around the world for the most stable returns that can be redeemed at parity—what else besides U.S. Treasuries? All countries’ foreign‑exchange reserves rely on buying U.S. Treasuries to stay below inflation risk; would you rather buy yen or some other currency?
Furthermore, if CRCL were to invest all funds in gold, oil, or other hedging/arbitrage products, would you still trust USDC?
Thus, I believe CRCL’s model—financing, buying U.S. Treasuries, issuing USDC—is extremely safe and shows responsibility to users and the ecosystem!
That is its purpose, while some bloggers maliciously distort and spread rumors!
@circle
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204.7K @Crypto_Crib_ Upbit says it is NOT participating in OUSD issuance. 👀
Joining Samsung and other South Korean firms in distancing themselves from Open USD.
$CRCL is reacting well.
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