Bitwise sees Circle worth $75 billion by 2030

Circle's stock experienced a significant 20% decline following reports that draft provisions in the CLARITY Act might limit stablecoin rewards. However, analysts suggest this selloff could be an overreaction, arguing that the bill may ultimately strengthen Circle's position relative to competitors like Coinbase. The core utility of stablecoins for payments and settlement, rather than yield, is seen as the primary driver of demand. Projections indicate that market growth and regulatory clarity could support a substantial valuation increase for Circle, potentially reaching $75 billion by 2030.