The $50 Billion Company That Does Almost Nothing

Something strange happens in Wall Street. Elon Musk from Donald Trump is not a post of AI or late late. This is a crypto company called Internet Group and the market is felt like the days of fame of the dot-com foam.

The circle came to the public on June 5. In only eleven, his stock, its stock, almost unprecedented 675%, added more than $ 42 billion in the market cover. The company is now trading in an assessment of a price that has a price that has a price for investors with its own price, a price ordered by a price of $ 295 for $ 295.

There is only one problem. There is no circle revolutionary ai. The bright consumer does not build a gadget. His work model is shocked.

Here’s how it works: You give a dollar circle. They give you a digital token called USDC worth the same dollar. Then they get your true dollar, invest in something safe such as short-term US treasury bonds and collect interest.

You get a sign. They make a profit. That’s what. It’s all work.

This is a slightly more than a constituent “money dressing” of a circle. Why is Wall Street treating like the next Tesla?

The answer is a word: Stablecoin.

In this case, in this case, the US dollar, a fixed asset, a digital token, a digital token. The idea is that every USDC has a real dollar sitting in the spare account for Token. This makes it very useful for Crypto traders who need the speed of digital assets without the wild variability of Bitcoin.

Now, the bulls bet that this stablecoins is preparing to go. The Senate only passed a remarkable legislation to use Stablecoins such as “Genius Law”, for Banks, PayPal, and even Walmart and Amazon to use Stablecoins. Suddenly, the desire to be a true alternative to CryptoDuty’s visa or MasterCard.

Analysts are running out. Citi predicts Stablecoin market can make up to $ 3.7 trillion by 2030. In this scenario, in the circle, in a neutral platform, which is not affiliated with any bank, is in cash.

But there is a catch. The work model that looks so bright in a high interest rate environment is also its greatest weakness.

“The circle is attached to the whole work, nervously,” a user wrote in a viral post of Reddit R / WallstreetBets. “A treasure in this trench coat.”

If the federal reserve rates are reduced, the main income of the circle decreases. There is no longer a stop to delete the edge of the circle, delete its appearance, and the stack of greater players than opening the construction stablecoins. If everyone offers the same thing, the moat of the circle begins to look so shallow. Again, Wall Street is collected as the next openai. What if regulators change their melodies? The whole model can be at risk. The work is quite fragile.

While connecting with gizmodo, a spokesman said that the company is in the “quiet period” after a post-IPO, it has been limited to making promotional expressions.

So far, the hype is won. The Circle’s Foundation is burning for the promise of a future that we all have a digital dollar for the promise of a future. However, under the surface, this $ 50 billion company does not innovate or break. It just catches your cash, digital receipts and give the interest pocket. In a strange world of 2025 financial world, it is probably enough to crown the new king of Wall Street.