at $30B, Circle is trading like it's the meme stock for stablecoins

not my first rodeo 👨🏾‍🚀 |
@a16zcrypto 👾

building farcaster | surfing @ venice, ca | eating @ gjusta / gjelina | “lucky me, lucky mud” 🤠

that AND they're trading at 1/3 the valuation of Coinbase, who took home 54% of Circle's entire reserve income last year

circle’s real pmf is not stables themselves but providing investors with a way to get exposure to the stablecoin sector

Farcaster-native research: https://paragraph.xyz/@matthewb | prev. Juicebox, Nouns, RAW DAO | casting about coffee, hi-fi, and other rabbit holes

facts - only liquid asset with pure play stables exposure

pretty much

https://farcaster.xyz/matthewb/0x10b704cf