Circle
Stablecoin issuer behind USDC, operating in the programmable dollar market. Has expanded beyond stablecoin issuance to i
Our Take
Circle is the issuer behind USDC, and they've made a sharp strategic call by expanding into infrastructure layers beyond just minting a stablecoin — CCTP, Arc, the payments network, it's a whole stack now. When a player with that kind of market weight starts positioning itself as the plumbing for programmable dollars, that's signal worth tracking, though whether they've actually built something that'll stick remains to be seen.
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