Recent data indicates a significant increase in the minting of USDC by Circle, but the company’s stock price behaves contrarily, raising concerns among analysts.
Circle USDC Mint Surpasses $750 Million
According to new data from Lookonchain, the fintech company Circle has reported a $750 million increase in USDC minting in just three hours. Over the last three months, more than $10.25 billion of USDC has been created, indicating strong demand in trading, DeFi, and payments.
Analysis: Stability of CRCL Stocks
Analyst Ali noted that Circle Internet Group's equity has broken through a $149 support level, which is now acting as resistance. Expected downside levels could be $123, $112, and $100 if the current trend continues.
Reasons for Circle’s Stock Weakness
Despite the growing demand for minted tokens, Circle's stocks are falling due to potential new government regulations on stablecoins and overall market instability in fintech. Analysts express concerns about the company’s profitability.
As a leading player in the stablecoin sector, Circle shows growth, but the decline of its stocks indicates the possibility of serious risks. The future of CRCL stocks will depend on the company’s ability to adapt to market changes.
