The Zhitong Finance App learned that since the initial public offering (IPO) last year and peaked for a while, the stock price of Circle Internet Group Inc. (CRCL.US) has now evaporated by more than three-quarters. And as more stablecoins pour into the market, some analysts have warned that the worst may not yet come.

The Zhitong Finance App learned that since the initial public offering (IPO) last year and peaked for a while, the stock price of Circle Internet Group Inc. (CRCL.US) has now evaporated by more than three-quarters. And as more stablecoins pour into the market, some analysts have warned that the worst may not yet come.