Circle Sees Stablecoins Reaching $10 Trillion as CRCL Slides 70% on OUSD Threat
Updated
Updated · The Motley Fool · Jul 26
Circle Sees Stablecoins Reaching $10 Trillion as CRCL Slides 70% on OUSD Threat
1 articles · Updated · The Motley Fool · Jul 26
Summary
Jeremy Allaire said the stablecoin market could expand from about $1 trillion today to tens of trillions, even as Circle shares have fallen nearly 70% over the past 12 months.
Open USD, due later this year, is emerging as Circle's biggest threat: the stablecoin is backed by a coalition of more than 140 financial, tech and retail companies, including Coinbase.
That challenge matters because Circle's business is tightly tied to USDC reserve income, while OUSD's zero-cost minting and redemptions could pressure Circle's fees and make the rival token easier to use.
Analysts still expect Circle revenue to rise from $2.75 billion in 2025 to $5.25 billion in 2028 and adjusted EBITDA to reach $1.31 billion, but the broader stablecoin boom may not translate into matching gains for CRCL.