The Zhitong Finance App learned that on Thursday, Circle (CRCL.US) fell more than 4% to $154.57. Since July 18, Circle's stock price has continued to be adjusted. In response, some analysts pointed out that although Circle already occupies the “leading compliant stablecoin” ecosystem and can eat more cake as the racetrack gets bigger, now that the Federal Reserve has entered a cycle of interest rate cuts, US bond yields may drop to 2% or less, and Circle's profits have directly been cut.

The Zhitong Finance App learned that on Thursday, Circle (CRCL.US) fell more than 4% to $154.57. Since July 18, Circle's stock price has continued to be adjusted. In response, some analysts pointed out that although Circle already occupies the “leading compliant stablecoin” ecosystem and can eat more cake as the racetrack gets bigger, now that the Federal Reserve has entered a cycle of interest rate cuts, US bond yields may drop to 2% or less, and Circle's profits have directly been cut.